TITLE

Stamp Duty up 82% since 2002

AUTHOR(S)
Le Gouais, Marcel
PUB. DATE
March 2008
SOURCE
Mortgage Strategy;3/10/2008, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the rocketing increase of the Stamp Duty rate in Great Britain since 2002. According to a research from Halifax, the Stamp Duty for first-time home buyers has increased by 82 percent, up from £960 in 2002 to £1,751 in 2008. With this, industry experts are calling on the government to increase the minimum Stamp Duty threshold to help alleviate the financial strain on prospective first-time buyers and to compensate for house price increases.
ACCESSION #
31401695

 

Related Articles

  • Untitled. Dixon, Annabel // EG: Estates Gazette;3/22/2014, Issue 1363, p03 

    The article reports on the 15 percent stamp duty that investors in Great Britain need to pay when buying homes valued at more than £500,000 through a corporate vehicle, as announced by Chancellor George Osborne.

  • Home economics. Walkley, Ram // Bulletin with Newsweek;7/31/2007, Vol. 125 Issue 6580, p46 

    The article presents information on a report by the Property Council of Australia, on increase in housing prices in Australia. According to the report, the heavy taxes and stamp duties by both the Federal Coalition government and the state Labor governments and the general infrastructure costs...

  • Budget chance to kick-start market.  // Mortgage Strategy;3/10/2008, p5 

    The author discusses the need for the British legislators to approve the proposed increase of the minimum threshold for Stamp Duty imposed on first-time home buyers. With the slumping of the housing market and the increase in house prices, he believes increasing the minimum Stamp Duty threshold...

  • Making the most of stamp duty reforms. UHI, JACKIE // Mortgage Strategy;1/21/2015, p16 

    The article analyzes the implication of stamp duty reforms in Great Britain for homebuyers and the general housing and mortgage markets.

  • Owning a home via a company.  // Mortgage Finance Gazette;Apr2014, p11 

    The article reports on the new tax introduced by finance company Budget in 2013 to stop people from the avoidance of stamp duty on residential properties worth over £2 million through the ownership of the house via a company.

  • Next step for stamp duty. Ray, Devraj // Money Marketing;1/16/2014, p21 

    The article reports on reforming stamp duty levy amid the escalating house prices, with average prices for first-time buyers within the East and West Midlands are expected to rise above the stamp duty threshold within the next 12 months.

  • Leader. Wild, Damian // EG: Estates Gazette;12/6/2014, Issue 801, p02 

    The article reports on developments in the British real estate industry as of December 2014. Topics discussed include the rise of stamp duties for buyers of residential properties worth at least 1.5 million British pounds, business rates increases to be capped at two percent starting April 2015...

  • Labour's pledge on FTB stamp duty 'will distort the market'. SANDS, MARK // Money Marketing;4/30/2015, Issue 1483, p15 

    The article reports on experts' views that the plans of the Labour Party to remove stamp duty for first-time home buyers will distort the housing market in Great Britain. Topics discussed include Labour leader Ed Miliband's promise to remove stamp duty for buyers who purchase a property below...

  • Stamp duty promise. Andrews, Bruce; Heathcote, Andrew; Roberts, Craig // BRW;2/5/2004, Vol. 26 Issue 4, p10 

    Reports that Queensland Premier Peter Beattie has promised to cut stamp duty for first-home buyers.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics