Article: Elegant Homes: Bid to end stamp duty.(Features)

THE UK's leading new homes website, SmartNewHomes.com has launched a campaign to get stamp duty for first-time buyers abolished.

Rising house prices are making it increasingly difficult for first-time buyers to step onto the housing ladder, with a growing number of those who are successful falling into the stamp duty "tax trap", payable on properties sold above pounds 125,000.

With the average house price paid by a first-time buyer in 2006 exceeding pounds 150,000, the number of buyers exempt from this housing tax is falling.

SmartNewHomes.com have posted a petition on their website, gathering support for their campaign, to see stamp duty scrapped for first-time ...

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