BusinessCompany NewsBudget 05: Stamp duty threshold to be doubled

Budget 05: Stamp duty threshold to be doubled

The stamp duty threshold is to be doubled to £120,000.

Gordon Brown has doubled the threshold for stamp duty taxes from £60,000 to £120,00.

The increase in the threshold, which will come into effect tomorrow, exceeded expectations that Brown would only increase the stamp duty threshold to £100,000.

The move will make house purchases more affordable for first-time buyers.

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