Article: Stamp duty suspension 'good news' for buyers ; Homebuyers are in line for a multi-million-pound coup under Government plans to scrap stamp duty.

Homebuyers are in line for a multi-million-pound coup under Government plans to scrap stamp duty.

The temporary measure, said to be a key plank of Gordon Brown's autumn fightback, is aimed at kickstarting the faltering housing market.

Westcountry estate agents have been calling for the move for several months amid fears the extra costs of buying a home were proving too great an obstacle for those struggling to raise the money for a home. But critics warned the measure would worsen levels of national debt.

In Devon and Cornwall in 2006-07, stamp duty on homes raised pounds185 million for Treasury coffers, up by pounds30 million on the previous year.

Across the wider South West region, the ...

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