Article: 1% stamp duty holiday will last for 12 months.(News)

A BREAK from stamp duty for all homes worth under pounds 175,000 gained a mixed reaction from estate agents and mortgage lenders yesterday.

The move, which will last for 12months, raised the 1% stamp duty threshold from pounds 125,000 to pounds 175,000, and is intended to breathe life into a housing market that has all but ground to a halt.

Stamp duty will now be charged at 1%on homes sold for between pounds 175,000 and pounds 250,000, rising to 3% on properties worth between pounds 250,001andpounds ...

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