First-time buyers profit from Stamp Duty holiday
21 March 2012
Around 40% of first-time buyers have benefitted from the Stamp Duty exemption ending 24 March.
Research carried out by Halifax shows that an extra four in 10 first-time buyers didn’t have to pay the tax after the ceiling rose from £125,000 to £250,000 two years ago.
A total of 95% of first-time buyers were exempt from Stamp Duty meaning that overall 150,000 people benefitted from the tax holiday.
Martin Ellis, Housing Economist at Halifax commented on houseladder.co.uk that: "The doubling in the starting threshold has been a significant benefit to those who have benefitted during a time of economic and financial difficulty for many."