Home Buyers Could Spread Stamp Duty over Several Years in New Plan

Home buyers could spread stamp duty over several years in new plan

The Chancellor is reportedly considering a proposal to spread stamp duty payments across several years in a bid to drive growth and boost the housing market.It is among changes to property tax that are being considered by the Treasury, ahead of Budget discussions with the Office for Budget Responsibility (OBR), according to City AM.Stamp duty is a tax paid when a property is purchased, and rates vary due to multiple factors, including how much t…

BREAKING: Rachel Reeves considers staggered Stamp Duty payments to stimulate housing market

According to a report in City AM, Chancellor Rachel Reeves is considering allowing house buyers to pay Stamp Duty in instalments over several years rather than as an upfront lump sum, as the Treasury seeks ways to stimulate the economy. The paper was told that the idea “pops up” frequently at meetings in the Treasury, and a Tony Blair Institute report suggested it could be achieved through a government loan scheme. The proposal would offer Reeve…

Reeves mulls staggered stamp duty payments to stimulate housing market - Property Industry Eye

Reeves mulls staggered stamp duty payments to stimulate housing market - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.