AdSlot1

Budget 05: Stamp duty threshold to be doubled

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.

Related reading

carolyn-brown2
phil-verity-pw
tallat_mahmood
/IMG/066/324066/merger-jigsaw