Thursday, 3 December 2009

Stamp Duty and VAT Changes Looming

From 1st January the Stamp Duty exemption threshold is going back down to £125,000 from £175,000 so all properties that are currently "going through" in this range will need to complete on or before 31st December 2009.

Also VAT increases back to it's original rate of 17.5% from 15%, this will affect solicitors and estate agents fees plus many other fees and costs.

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