How Brown Is Still Coining It with His Unfair Stamp Duty ; the Chancellor Is Milking Homebuyers... But Shouldn't His Stealth Tax Target Sellers Instead?, Market Watch, Property On Sunday

Mail on Sunday › March 13, 2006

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Summary

Ostensibly to help first-time buyers, Gordon Brown doubled the exemption threshold for stamp duty from the level of Pounds 60,000 to Pounds 120,000 during last year's Budget.

It was a gimmicky measure that meant very little to desperate young couples in the South East who would be lucky to find anything habitable for less than Pounds 120,000.

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How Brown Is Still Coining It with His Unfair Stamp Duty ; the Chancellor Is Milking Homebuyers... But Shouldn't His Stealth Tax Target Sellers Instead?, Market Watch, Property On Sunday

It may have helped a few of the poorest buyers in northern constituencies, provided they did not live in the swankily revived centres of Manchester, Leeds or Newcastle Pounds 120,000 does not go very far anyw...

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