AMI supports stamp duty proposals

Nia Williams

February 3, 2010

Robert Sinclair, AMI Director, said: “The current Stamp Duty regime distorts the market and prevents first time buyers from getting a foot on the property ladder.

“The Stamp Duty holiday last year was a welcome piece of common sense from Government. And the Conservative plans to raise the Stamp Duty threshold to £250,000 would provide a welcome boost to many first-time-buyers and also provide assistance to first time movers in many parts of the country. This would do much to support the housing market.

”However, what we urgently need is a more fundamental review of this antiquated tax.”

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