Should you buy before the stamp duty increase?

On 1st January 2010, the stamp duty threshold changes. So is it worth you completing before the end of the year? As a result if you complete on a home for £175,000 before 31st December 2009 you won't pay any stamp duty and from January 2nd (no-one will be working on New Year's Day!) you will pay 1% x £175,000 = £1,750 to the government in stamp duty land tax.

Read my thoughts on the stamp duty changes here ....