Friday, December 5, 2014
Estate agents are predicting a property boom in the run-up to Christmas and into the New Year.
Reforms spark one of busiest periods for estate agents in 25 years Read more: http://www.dailymail.co.uk/news/article-2861601/200m-house-deal-stampede-wealthy-beat-stamp-duty-hike.html#ixzz3KyvJaWOs Follow us: @MailOnline on Twitter | DailyMail on Faceboo
Estate agents are predicting a property boom in the run-up to Christmas and into the New Year as families raise their offers and first-time buyers realise they could afford to buy sooner. The new system will replace the unpopular Ã¢Â€Â˜slab structureÃ¢Â€Â™, that led stamp duty to be labelled Ã¢Â€Â˜the worst designed tax in BritainÃ¢Â€Â™, with a gradually increasing rate. The changed rules Ã¢Â€Â“ said to benefit 98 per cent of buyers Ã¢Â€Â“ mean the so-called Ã¢Â€Â˜cliff edgeÃ¢Â€Â™ where the tax was charged on a whole value of a property is replaced by gradually rising charges in a string of bands. It means someone buying an average-priced home worth Ã‚Â£273,000 will be about Ã‚Â£4,500 better off.