Politi­cians lay the foun­da­tions

Yorkshire Post - Property - - PROPERTY -

Elec­tion prom­ises for the prop­erty mar­ket this week in­clude con­fir­ma­tion from the Con­ser­va­tives that they will scrap Home In­for­ma­tion Packs.

They also fol­lowed Labour with a pledge to raise the stamp duty thresh­old to £250,000 for first­time buy­ers. It is now £125,000.

The Con­ser­va­tives also say they will raise the In­her­i­tance Tax thresh­old to £1m and will freeze coun­cil tax rates for two years.

They say they will abol­ish re­gional plan­ning rules in­clud­ing the Re­gional Spa­tial Strate­gies and build­ing tar­gets.

Labour re­it­er­ated that it wants all new-build homes to be car­bon neu­tral by 2016.

The LIb­eral Demo­crat man­i­festo pro­poses a man­sion tax for prop­er­ties over £2m and are looking at scrap­ping coun­cil tax in favour of a new sys­tem.

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