buy abroad search

buy abroad property search
about buy abroad overseas property arrange viewing trip abroad news overseas property abroadbuy abroad mailing lists

Buy Abroad News

30 Mar 10

UK property market given boost with higher stamp duty threshold

The 2010 Budget from Chancellor Alistair Darling has been welcomed by the UK property industry, as stamp duty tax will be abolished on house purchases of up to £250,000 for first time buyers.

The news was also welcomed by the National Association of Estate Agents and the Association of Residential Letting Agents, who have been calling for a change in the stamp duty system. In 2008 the government increased the stamp duty threshold to £175,000, which ended in December 2009, causing a rise in property sales. It is understood that the new stamp duty system will cost approximately £1bn, but the government hopes the new move will encourage the property market in the UK.


Copyright © 2017–2011 by Buy Abroad. All rights reserved.

Buy Abroad and the Buy Abroad logo are either registered trademarks or trademarks of JR SAC Ltd in the United Kingdom and/or other countries. All other trademarks are the property of their respective owners.

JR SAC LTD, Office 31, 3rd floor, 22 Gladstonos Street, Nicosia, Cyprus