R
rabbit1654
New Member
There has been widespread disappointment within the UK property industry that Chancellor George Osborne did not use today’s Budget to keep first time buyers exempt from stamp duty.
There had been some hope that the current stamp duty holiday for first timers buying property up to £250,000 which ends on Saturday might be continued.
According to Steven Lees, director at SmartNewHomes, it would have helped those who need it most. ‘Approximately 150,000 new buyers benefitted from the tax break since the holiday began two years ago, which has enabled transactions all the way up the chain and helped keep the market moving,’ he said.
“We now expect to see many more house builders stepping into the fold, continuing the Stamp Duty holiday and reducing costs as much as possible for first time buyers”
really disappointment
There had been some hope that the current stamp duty holiday for first timers buying property up to £250,000 which ends on Saturday might be continued.
According to Steven Lees, director at SmartNewHomes, it would have helped those who need it most. ‘Approximately 150,000 new buyers benefitted from the tax break since the holiday began two years ago, which has enabled transactions all the way up the chain and helped keep the market moving,’ he said.
“We now expect to see many more house builders stepping into the fold, continuing the Stamp Duty holiday and reducing costs as much as possible for first time buyers”
really disappointment
