Stamp duty re­lief ex­ten­sion urged

Yorkshire Post - Property - - PROPERTY -

THERE are calls for the Govern­ment to ex­tend its first­time buyer stamp duty hol­i­day, due to end next March.

The Coun­cil of Mort­gage Lenders has added its voice to grow­ing de­mands, say­ing that af­ter the pre­vi­ous stamp duty con­ces­sion ended in De­cem­ber 2009, the spike in sales be­fore the end of the con­ces­sion was matched by a cor­re­spond­ing slump.

The CML has warned that the same thing could hap­pen next spring and add that this would be “un­help­ful, given the frag­ile state of mar­ket con­fi­dence”.

The coun­cil is also call­ing for a long-term fun­da­men­tal re­view of stamp duty and the way it is struc­tured.

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