Tag: Stamp Duty
Budget 2012 – New Stamp Duty Ruling Might Hurt London’s Property Scene
George Osborne’s announcement on the latest stamp duty changes could cause significant damage to London’s property scene. Merely a few hours after the new changes were made, reports surface that the Prime Central London property market went into “meltdown” with property companies and vendors pulling out of deals that would have otherwise been very beneficial [...]
Stamp Duty Dropped back
The stamp duty threshold dropped back to £125,000 on 1 January, prompting a rush on mortgage approvals and completed home sales in the final months of 2009. The government concession, which had temporarily pushed the threshold up to £175,000 for just over a year, had been aimed at halting the rapid slump in the property [...]
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