Stamp Duty Rumours

Speculation is rife that the Government plans to postpone or suspend the payment of stamp duty on property purchase, in a bid to help the housing market. The Chancellor is doing nothing to dispel the rumour as when directly asked, he told the BBC he was "looking at a number of measures" and had not "concluded exactly what we need to do".

Unfortunately, this lack of clarity will have the opposite affect on the housing market. Those considering making a purchase may now just wait and see what happens, and if the Government does make a solid decision, but sets a future date for the suspension, buyers will simply postpone their purchase to save thousands.

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