Nationwide calls for review of stamp duty
www.moneynews.co.uk > Banking > Nationwide calls for review of stamp duty
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Nationwide calls for review of stamp duty
Tue 21st Apr 2009
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The building society suggested that the government increase the stamp duty threshold to £250,000, meaning that any buyers purchasing a house worth less than that would pay nothing.
It also called for a one per cent flat rate to be charged on houses of over this figure and the elimination of the higher tax brackets. Nationwide added that stamp duty should be brought in line with house price inflation.
Graham Beale, the building society's chief executive, said this would "stimulate the housing market and help reduce the burden that stamp duty places on first-time buyers in particular. The time is now right for reform".
Nationwide is the UK's largest building society and one of the country's leading mortgage lenders.
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Related News : Banking |
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Related News : Nationwide |
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