FTBs must act now to avoid stamp duty

Nia Williams

December 13, 2011

The warning came from the National Association of Estate Agents today.

Commenting, Peter Bolton King, chief executive of the NAEA said: “From March 2012 the holiday is well and truly over for first-time buyers. Once the Government ends the tax exemption, FTBs will face a tax of 3% on all home purchases over £250,000.

“With many first-time buyers trying to purchase their first home before the tax exemption deadline, our members will be working closely with those first-time buyers who are able to purchase before March 2012 to guide them through a difficult and challenging market place.”

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