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Article: Call to raise stamp duty limit
- Article from:
- Belfast Telegraph
- Article date:
- March 11, 2004
- Author:
CopyrightCopyright 2004 Belfast Telegraph. Provided by ProQuest LLC. (Hide copyright information)
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WITH increasing numbers of first-time buyers across the UK being
hit by stamp duty, a building society has called for the threshold to
be increased.
The tax, originally designed to target people buying only the most
expensive homes, now affects three in every four first-time buyers.
Nationwide's regional stamp duty report, published today, shows
the impact this tax is having on first-time buyers across the UK.
The society has called on the government to take action to help
already hard pressed first-time buyers to get onto the housing
ladder.
Since 1993 stamp duty has been applied to homes costing ...