We Gave a Carpeting to a Greedy Landlord ; How Tenacious Tenants Refused to Giveup On Their Pounds 900 Deposit

Summary

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A lucky few first-timers and those fortunate enough to be deemed key workers will benefit from the Government's initiatives to help them get on to the property ladder (see Page 22). The rest, sadly, will have to continue to rent.

One option that the Government has ignored is to reform stamp duty, which has proved to be one of Gordon Brown's most remunerative stealth taxes, with revenues increasing ninefold since 1996 to Pounds 1.1 billion. Nine years ago, 55.7 per cent of property transactions were exempt from stamp duty, compared with 6.5 per cent today, according to Primelocation.com.

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Extract

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We Gave a Carpeting to a Greedy Landlord ; How Tenacious Tenants Refused to Giveup On Their Pounds 900 Deposit

Self-interested organisations such as the National Association of Estate Agents urge that the threshold rise from Pounds 60,000 to a more realistic...

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