Is stamp duty dithering killing house sales?
*Daily Express reported today that 'Britain's house buyers are pulling out of sales in droves because of Alistair Darling's hints of a stamp duty holiday'.
TV property expert Kirstie Allsopp calls for a stamp duty cut to help first-time buyers get a house courtesy of the BBC
Buyers pay Stamp Duty on land, property and other buildings. The tax applied will depend upon the purchase price. For properties above £125K, you pay between one and four per cent of the whole purchase price.
Find out how much to stamp duty you'll pay with this free stamp duty calculator courtesy of This is Money
The Express went on to report 'Online estate agency Housenetwork.co.uk, said: "Clients are calling a halt on their deals and this is causing all kinds of negative consequences - to them personally as well as our business. It's irresponsible to let the speculation continue"...'
'But if first-time buyers decide to bide their time they should be aware of the risks of this strategy' Reports TIMES ONLINE
*Source: Daily Express 08/08/08 Headline "Darlings stamp duty dithering kills house sales" by Sarah O'Grady
TV property expert Kirstie Allsopp calls for a stamp duty cut to help first-time buyers get a house courtesy of the BBC
Buyers pay Stamp Duty on land, property and other buildings. The tax applied will depend upon the purchase price. For properties above £125K, you pay between one and four per cent of the whole purchase price.
Find out how much to stamp duty you'll pay with this free stamp duty calculator courtesy of This is Money
The Express went on to report 'Online estate agency Housenetwork.co.uk, said: "Clients are calling a halt on their deals and this is causing all kinds of negative consequences - to them personally as well as our business. It's irresponsible to let the speculation continue"...'
'But if first-time buyers decide to bide their time they should be aware of the risks of this strategy' Reports TIMES ONLINE
*Source: Daily Express 08/08/08 Headline "Darlings stamp duty dithering kills house sales" by Sarah O'Grady
- posted by The Editor
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