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Article: Cold comfort from stamp duty move ; Gordon Brown's bid to kickstart the housing market by announcing a surprise stamp duty cut would have little impact in the West, experts warned yesterday.
- Article from:
- Western Daily Press (Bristol UK)
- Article date:
- September 3, 2008
- Author:
CopyrightCopyright 2008 Western Daily Press (Bristol UK). Provided by ProQuest LLC. (Hide copyright information)
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Gordon Brown's bid to kickstart the housing market by announcing
a surprise stamp duty cut would have little impact in the West,
experts warned yesterday.
The Prime Minister claimed the 12-month stamp duty holiday for
homes worth pounds175,000 or less would help get the housing market
moving.
But the measure will help relatively few people in the West's
property hotspots, and allowed the Tories to claim their own
policies would do more to benefit Middle England. Expert Malcolm
Joy, of Bristol, said the measure should have been made permanent,
as withdrawing it on September 3 next year would create problems.
The move, which comes into effect today, raises the threshold
for paying one per ...