Posts Tagged ‘Stamp duty’
Increase in stamp duty
The latest research from Lloyds Bank shows the Stamp Duty revenue raised in England and Wales increased by an estimated £1.5 billion to £7.7 billion in the year to March 2015, this exceeds the £6.2 billion in the year to March 2008 at the peak of the last housing boom. A higher number of residential property…
Read MoreAnother Labour promise
Another Lasbour promise, this time to exempt first time buyers from stamp duty. Ed Miliband intensifies the polical offensive over housing with an offer to exempt first-time buyers from up to £5,000 in stamp duty, it would apply to houses with a purchase price of under £300,000 The Labour leader hopes to fund the tax…
Read MoreStamp Duty revenues hit record high.
Another boost for George Osborne just prior to the budget next week as stamp duty revenues are set to hit a record high of £8billion in the current financial year, this follows on from the stamp duty reforms announced earlier in the year along with a soaring domestic housing market, the last high in…
Read MoreStamp duty – masterstroke or policitcal electioneering?
Chancellor George Osborne yesterday in his Autumn statement was either entering into the seasonal spirit by providing hard pressed home buyers with an early Christmas present, with a long overdue overhaul of Stamp Duty or it was a smart political manoeuvre with one eye on the forthcoming general election in May 2015! As it is…
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