|
|
02 Sep 2008
Chancellor Alistair Darling has confirmed speculation surrounding a suspension on stamp duty for sales of residential property up to £175,000.
Individuals currently only pay the duty on properties worth more than £125,000, and the move will apply for one year.
A Treasury spokesman told Accountancy Age that while predicted losses in taxes over the 12 month suspension period is subject to ongoing market conditions, they estimate the loss at approximately £600m.
The suspension applies to transactions taking place between 3rd September 2008 and 3rd September 2009.
Further Reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment