Stamp duty bid to revive housing market

HOMES worth less than £175,000 are to be exempted from stamp duty for 12 months in a bid to revive the flagging housing market, it emerged this morning.

HOMES worth less than £175,000 are to be exempted from stamp duty for 12 months in a bid to revive the flagging housing market, it emerged this morning.

The change, which comes into effect tomorrow, raises the threshold on which 1% stamp duty is paid from its current level of £125,000.

It will save home-buyers up to £1,750 when they purchase a property.


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