Article: We'll axe stamp duty up to [pounds sterling]250,000, says Howard.

Article from:
Daily Mail (London)
Article date:
April 22, 2005
Copyright

Byline: BENEDICT BROGAN

HOMEBUYERS were offered tax cuts worth up to [pounds sterling]2,500 in a bold move by the Tories yesterday.

Michael Howard pledged to more than double the stamp duty threshold - making four out of five house sales tax-free.

From April next year, the starting point for paying stamp duty would rise from [pounds sterling]120,000 to [pounds sterling]250,000.

The threshold for commercial property transactions would be lifted from [pounds sterling]150,000 to [pounds sterling]250,000.

The Conservative move trumps the doubling of the threshold from [pounds sterling]60,000 to [pounds sterling]120,000, announced ...

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