Urgent clarification is required by the government over the potential for a
stamp duty exemption because it threatens to distort the housing market, warned
Announcing a change to the property market that will take place in the future
was dangerous, according to the National Association of Estate Agents.
‘It is always dangerous to announce that something will happen in the
future,’ said Peter Bolton King, NAEA chief executive, in the
He said that the Tory government’s introduction of mortgage interest relief
in the late 1980’s distorted the market and created a housing sale bubble, and a
stamp duty exemption in the future could have the reverse effect.
The Royal Institution for Chartered Surveyors called for urgent clarification
of the situation.
Property deals are falling through as homebuyers are delaying purchases to
see if a stamp duty exemption is introduced.
But there was no sign of an announcement by chancellor Alistair Darling, as
he refused to give out any more details on what measures were being considered
to help revive the housing market, reported the
The Treasury said last night it was ‘simply wrong’ to say that the government
had put forward a proposal on stamp duty.
‘As we have consistently said, there are a number of options we will need to
consider to help businesses and people through what is undoubtedly a difficult
time,’ it said in a statement.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said