Monday 30 November 2009

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 ....

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