Deloitte comments on end of stamp duty relief
24 March 2012
As stamp duty land tax relief comes to an end today, Phil Nicklin, real estate tax partner at Deloitte comments:
“It is not just super-prime which has taken a stamp duty hit this week. At the other end of the scale, there is bad news for first-time buyers of property for less than £250,000 because this stamp duty relief expires today. The decision not to renew this relief from the lowest rate of 1% could cost people trying to get onto the housing ladder an extra £2,500. Only homes bought for £125,000 or less will continue to be exempt. The reduced charge has benefited over 180,000 first-time buyers.”
Notes to editors
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