Tuesday, September 8, 2009

UK Government Might Extend Stamp Duty Holiday

Stamp Duty Holiday – to Be Extended or Not?

The break, known as stamp duty holiday, allowing buyers not to pay the stamp duty tax if the property they purchase costs less than £175,000, will no longer be available at the end of this year.

Posted by anna smith @ 07:53 AM (615 views)
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One thought on “UK Government Might Extend Stamp Duty Holiday

  • mark wadsworth says:

    They would say that, wouldn’t they, just to “get the market moving”.

    And then they’ll extend it, and then the next Tory government will increase the threshold to £250,000 or something, because as we well know, SDLT depresses selling prices by the amount of the tax. So it’s a way of transferring wealth from the taxpayer generally (the shortfall will have to be made up somehow) to owners and vendors of houses. Superficially, they’ll say it’s to “help” (G-d I hate that euphemism) first time buyers, but the FTB’s won;t see a penny of it because prices will adjust up accordingly.

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