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| Strategic Program Management |
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Initiates, Develops, and maintains long-... |
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We don't like Stamp Duty
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The rate of tax over £250,000 (now 3%) has risen four times since 1997 which to a degree is controlling house prices around these levels.
Since 1993 there has been no shift in the nil threshold (up to £60,000), which means more and more buyers and predominately first time buyers, are having additional costs when purchasing a home.
According to the Council of Mortgage Lenders, had this kept in line with house prices the nil threshold level should now be at £130,000! Momentum is now gathering for the £60,000 threshold to be raised.
With so many first-time buyers struggling to get on the property ladder it really is time to raise the lower threshold of stamp duty land tax.
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