The end of the stamp duty holiday

Stamp DutyTaylors estate agents are preparing for a surge in activity as buyers and sellers rush to beat the end of the stamp duty holiday.
Chris Hardy, Senior branch Manager says  “We have noticed that on the whole the general public aren’t aware of the current stamp duty holiday ending as the normal stamp duty threshold returns on the 1st January 2010”
The government introduced the stamp duty holiday in September 2008 to stimulate the market and offset the cost of moving. It is estimated that 60% of homebuyers have benefited from this temporary tax relief.
From the 1st January 2010 buyers will be required to pay 1% tax on all properties priced between £125,000 and £250,000. With only 4 months left we are seeing more buyers on the lookout for properties as now is the time to cash in on the saving. As well as sellers putting there property on the market if they want to attract as many buyers as possible, especially if there property is valued between £125,000 and £175,000.

Chris Hardy
Branch Manager – Taylors Estate Agents- Hitchin

This entry was posted in Hertfordshire. Bookmark the permalink.

Leave a Reply