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Article: Industry slams Stamp Duty inertia.
- Article from:
- Mortgage Strategy
- Article date:
- March 17, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Chancellor Alistair Darling has come under fire from industry pundits for failing to overhaul Stamp Duty to help first-time buyers.
Lenders, brokers and estate agents had called on Darling to tackle the tax in his Budget speech last week.
Their proposals included increasing the minimum Stamp Duty threshold, making first-time buyers exempt from the levy or abolishing it altogether.
Mortgage Strategy's Step Up Stamp Duty campaign has been calling on the government to raise the tax's threshold since 2004.
Nicholas Leeming, major client director of Propertyfinder.com, says: "Home owners and first-time buyers need financial relief ...