FTB Stamp Duty holiday not being extended

by Aaron Strutt

Dec 02 2011

The government has decided against extending the Stamp Duty holiday for first-time buyers as it claims the policy has failed to increase the number of first-time buyers entering the market.

The Autumn Statement says: “The government is publishing analysis showing that the Stamp Duty land tax relief for first-time buyers has been ineffective in increasing the number of first-time buyers entering the market.

“This relief will therefore end on March 24 2012 as planned. The government is instead prioritising more effective measures which provide better value for money as set out in its housing strategy.”

2 December 2011