TaxCorporate TaxPBR: Stamp duty cuts introduced

PBR: Stamp duty cuts introduced

Stamp duty on properties worth less than £150,000 will be abolished from this Friday, the chancellor has announced in his pre-Budget report this afternoon.

The abolition of stamp duty on property transactions will target, in particular, deprived areas.

In addition, Gordon Brown pledged to match every Pounds 100m of private investment with Pounds 25m of public funding as part of the government’s enterprise agenda.

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