Agents want stamp duty break back

Yorkshire Post - Property - - PROPERTY -

THE Na­tional As­so­ci­a­tion of Es­tate Agents has called for the stamp duty break for first-time buy­ers to be re­in­stated.

The NAEA has upped the ante in its cam­paign for re­form of the cur­rent stamp duty regime af­ter dis­cov­er­ing that it net­ted £5,960m for the Trea­sury cof­fers in 2010/11.

This was a 22 per cent in­crease, up from £4,885m in 2009/10, de­spite an ail­ing prop­erty mar­ket.

The fig­ures show SDLT re­ceipt rose last year in all re­gions of the UK, apart from North­ern Ire­land, at a time when there was al­most half the num­ber of prop­erty trans­ac­tions as pre-re­ces­sion.

The high­est in­crease in the rev­enue made from Stamp Duty was in the East Mid­lands, at 33.3 per cent (to £240m) fol­lowed by 32 per cent in Scot­land.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.