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David Bexon, Managing Director of smartnewhomes.com, said:
“Any increase in stamp duty will be damaging for the property market which is only just finding its feet. Instead, the government should be considering ways in which to stimulate the market rather than discouraging people to buy new homes, especially those trying to hop on to the first rung of the ladder. Removing stamp duty altogether for first time buyers or raising the tax thresholds is the obvious and infinitely more sensible move."
See Also: Property News (6699), Press Releases (372), Stamp Duty (25), Property Market (2), The Smart Comment (19)
Date Published: 01 December 2009
