Property News · March 27, 2010

Stamp duty: So you think you're a first-time buyer …


The budget included an increase in the stamp duty threshold for first-time buyers – but who will be eligible, asks Rupert JonesFirst-time buyers (particularly those who don’t drink cider) were among the biggest winners in the budget after Alistair Darling said they will not have to pay stamp duty on homes costing up to £250,000.For many homebuyers, stamp duty is the biggest add-on cost, so this tax break – worth up to £2,500 – is not to be sniffed at. But who or what exactly is a first-time buyer? Continue reading…

Source : theguardian.com
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