Newspaper reports that the Chancellor is looking at scrapping stamp duty are being welcomed, although the decision has not been confirmed by the Government.
Details published today in The Sun newspaper suggested that stamp duty may be scrapped altogether following the downturn in the housing market and the lack of affordability faced by first-time buyers.
Stamp duty is currently paid by those buying property, and is charged at 1% for houses between £125,001 to £250,000, 2% for a value between £250,001 to £500,000, 3% from £250,001 to £500,000 and 4% for properties over £500,001.
It is claimed that treasury officials will present their research to the Prime Minister at the end of the month.
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17 outstanding homes for sale across Britain, from under £250k to £6.5 million, as seen in Country LifeSomething for every budget in this week's round up of homes across the country that have come to market via Country Life.
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'We started thinking: if we were going to design a bike for Aston Martin, what would it look like? And then we simply couldn’t stop': Aston's new bike has everything you could ever dream of — except a price tagThe new Aston Martin .1R bicycle, a collaboration with manufacturer J.Laverack, leaves Paul Henderson stirred rather than shaken.
