Stampduty threasholds from the 1st of Jan 2010?

selbel

Hi all,

Can anyone advise on what the stampduty threasholds will be come the new year? We are considering putting out house on the market after Christmas and I've just spotted that the current threasholds only run until the 31st of December but I can't see the new rates listed anywhere. I'm presuming that the 1st of Jan rates were decided upon during the budget but I can't see it listed anywhere? Am I presuming too much?!

Thanks,
S.

Skippy4u

Hi Selbel,

Hope this link helps http://www.channel4.com/4homes/property-money/housing-market-news-views/channel-4-news-4homes-budget-2009-how-the-budget-affects-you-09-04-23_p_1.html

Cannon_Fodder

Keep your eyes out for the Pre-Budget statement in November;

If the Govt feel it necessary to continue "stimulating" the market, then the "holiday" may be extended...

While those who worry about the state of Govt finances, want it not only reinstated but increased, too...

selbel

Thanks Cannon Fodder, that's really helpful. I'm preying that the 'holiday' continues - boo-hiss to those who want it reinstated/increased!

selbel

Just to update on this in case anyone else is after the same information, the HMRC web site has a stamp duty calculator which you can add an 'effective date'. I'm a new user so I can't paste a link to it, but I found it via the Direct.gov web site in case that helps!

As it stands the calculator states that from the 1st of Jan 2010 the new rates will be:
Up to £125,000 = 0%
Up to £250,000 = 1%
Over £250,000 = 3%

Here's hoping the pre-budget statement changes this and extends the holiday :-)