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#1 April 17, 12:44 am
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Stamp Duty Threshold Raised in a Bid to Help Buyers

Author: Danbro - Accounting Solutions for Contractors

Danbro are informing individuals that the government has announced a package of measures to help boost a struggling property market Washington Nationals Women's Jersey , including raising the stamp duty land tax threshold by 脗拢50,000. Brought in for a twelve month period from 3rd September 2008 to 3rd September 2009, a home must now sell for 脗拢175,000 before stamp duty is paid.

According to the government Toronto Blue Jays Women's Jersey , this move will take half of properties into exemption from stamp duty. Previously, when the threshold was at 脗拢125,000, there were a third of properties that were exempt from the tax.

Early speculation says that this move will cost the treasury 脗拢600 million. The government has promised to provide more details relating to how this move will be financed in the chancellor芒鈧劉s autumn pre-budget report.

Other measures announced include; an extension of the powers of councils and housing associations Texas Rangers Women's Jersey , allowing them to pay off homeowner debt, and then charge rent on the property and a reduction in the duration before which income support for mortgage interest is paid. This will now be paid after 13 weeks instead of the previous 39 week period.

The government has also introduced HomeBuy Direct; a scheme that offers 5 year loans of up to 30% of the value of a new property for first time buyers. Households earning less that 脗拢60,000 will be eligible for the loans, which will be 芒鈧渇ree of charge芒鈧劉 for 5 years Tampa Bay Rays Women's Jersey , with a fee payable at the end of this period.

This is good news for the property market, as it is a beneficial move for buyers without forcing sellers to necessarily compromise their position. The government has come under fire with many people accusing them of pulling yet another publicity stunt. However, homeowners do look set to benefit from this move, and should get in touch if they would like further information on how they will be affected.

Article Source: Link

About the Author:

Danbro are an Umbrella Company providing accounting services to thousands of Contractors and temporary workers throughout the UK.

As accountants for contractors we aim to:




Whether you choose to run your own Limited Company where prices start at just 脗拢80 + vat or wish to work through a Danbro Umbrella Company for only 脗拢20 pw St. Louis Cardinals Women's Jersey , we can help you to work out which accounting option works best for you.

For more information contact Danbro at

Head Office on 01253 600140

Danbro London Office on 0207 836 8400

Visit Danbro


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