Article: Reduction in stamp duty 'not enough'.

Article from:
The Mail on Sunday (London, England)
Article date:
March 20, 2005
Copyright

Byline: HELEN LOVELESS

THE decision to help first-time buyers by doubling the stamp duty threshold on house purchases to [pounds sterling]120,000 has been criticised for not going far enough.

Industry and consumer groups have campaigned hard in recent months for the threshold to be raised. Chief executives from a number of building societies presented a petition in Downing Street this month calling for stamp duty reform.

The decision to double the threshold is expected to free about 300,000 homebuyers a year from having to pay the tax. But experts say Gordon Brown should have done more.

Miles Shipside of the property website ...

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