Stamp Duty relief Extended Until end 2009
The Stamp Duty Land Tax (SDLT) of residential property sales up to £175,000 is to be extended to 31 December 2009. The SDLT threshold will revert to £125,000 (£150,000 in disadvantaged areas) from 1st January 2010.
This is good news for potential buyers as it was due to end in September this year. Unfortunately, as mortgage lending has been so restrictive, few people have been able to benefit – especially first-time buyers. However this extension gives a bit more time for lending restrictions to ease and hopefully more people will be able to take advantage.
This is good news for potential buyers as it was due to end in September this year. Unfortunately, as mortgage lending has been so restrictive, few people have been able to benefit – especially first-time buyers. However this extension gives a bit more time for lending restrictions to ease and hopefully more people will be able to take advantage.
posted by ukmove at
4:25 PM
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