Calls for stamp duty holiday extension
A group of Labour MPs have put pressure on the Government to extend the current stamp duty exemption for properties under the £175,000 threshold – issuing an Early Day Motion on the issue.
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The return of stamp duty could be ‘detrimental’
A return to the previous bands for stamp duty, when the current holiday is due to end on the 31st December 2009, could have a detrimental effect on the recovery of the housing market in regions that are already lagging behind, according to the latest research from RICS.
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Coalition leads calls for stamp duty reform
Industry heavyweights have added their support to the 1808 Coalition, set up by the National Association of Estate Agents (NAEA) and the Association of Residential Lettings Agents (ARLA) to campaign for the Government to modernise Stamp Duty.
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One third of first-time buyers escape stamp duty
One third of first-time buyers escaped paying stamp duty in September as a result of the government’s temporary £175,000 nil-rate threshold, according to new data released by the Council of Mortgage Lenders.
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One in three benefit from stamp duty changes
New research from Halifax shows that up to 112,000 homebuyers in England and Wales – 31% of all buyers – have been exempt from paying the tax as a result over the ten months between September 2008 and June 2009.
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New property tax recommended in Ireland
A new property tax has been recommended by the Commission of Taxation in Ireland as part of a comprehensive reform package of the Irish taxation system.
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Increased stamp duty threshold aids 45,500 households
Around 45,500 homebuyers in England and Wales (26% of the total) were exempt from paying stamp duty over the five months between September 2008 and January 2009 because the threshold was £175,000 rather than £125,000, Halifax has reported.
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The housing market slowed in August, following the traditional cyclical pattern, according to the National Association of Estate Agents (NAEA).
HSBC is introducing two new mortgage deals aimed at first time buyers as part of its new mortgage range, available from Monday, 13 September.
Research conducted by money.co.uk has revealed the financial strain suffered by the one fifth of home buyers who fail to set realistic budgets for the purchase and ‘personalisation’ of their new homes.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
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