The largest property services group in the UK is the latest to throw its support behind calls for stamp duty reform. Calling the tax outdated, Countrywide suggested abolishing it on homes costing less than £250,000 and changing the slab structure.
The end of the Government's stamp duty land tax exemption for first time buyers could have a devastating effect on first time buyers with a strict budget, the National Association of Estate Agents warned today.
Rising rental income and record low interest rates could see some landlords hit with a higher tax bill on January 31 than they may have been expecting, according to industry support network The Landlord Syndicate.
Improved lending may be a sign of recovering in the property market. New figures show that house purchase lending in November experienced a year-on-year rise for only the second time in 2011, according to the Council of Mortgage Lenders.