STAMP DUTY - GOVERNMENT ANNOUNCEMENT 2 SEPTEMBER
2 - 9 - 2008The Chancellor of the Exchequer has announced that stamp duty land tax will not apply to purchases of residential property of £175,000 or less.
The Chancellor of the Exchequer has announced that stamp duty land tax will not apply to purchases of residential property of £175,000 or less. This will provide an exemption from stamp duty land tax for land transactions consisting entirely of residential property where the chargeable consideration is not more than £175,000. This relief will apply to transactions with an effective date on or after 3rd September and before 3rd September 2009.