30 September 2011

Stamp duty for first-time buyers has been waived on any properties costing under £250,000 but this will come to an end in March 2012.

Estate Agent Today has reported that from 25 March 2012 all home owners will be required to pay stamp duty on any property over £125,000.

Capital Economics doesn’t expect to see a spike in house sales as the end of the stamp duty holiday approaches. They have noted that any ‘uptick in activity is expected to be more modest’ than at the end of previous tax breaks due to the current economic climate and because the tax applies only to first time buyers.

Back to index