Labour makes first-time buyer stamp duty pledge

Jenna Towler
clock

Labour would make first-time buyers exempt from stamp duty for purchases under £300,000, Ed Miliband is due to announce.

  The Labour leader said: “We will be setting out proposals to make life easier for first-time buyers.”  The BBC reports he will attack the coalition for the “lowest level of housebuilding for almost 100 years and the lowest rate of home ownership for a generation.”  Labour, the report said, would begin work on a building one million new homes by 2020. However, the Conservatives said the idea was not fresh as the coalition government had already cut stamp duty for the majority of home buyers since 2010. The BBC reports Miliband will say: “There's nothing more British than the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on First time buyers

Three fund managers guilty of £7m sovereign wealth fraud

Three fund managers guilty of £7m sovereign wealth fraud

Trio guilty of multi-million dollar fraud linked to Libya

Julia Bahr
clock 21 February 2023 • 2 min read

Help to buy scheme to close this year, Treasury confirms

'Specific purpose successfully achieved'

Carmen Reichman
clock 30 September 2016 • 1 min read

Stamp duty revenues 'soar to £8bn record high'

The housing market recovery helped stamp duty revenues soar by a fifth in 2014-2015 to a record high of £8bn, according to research.

Emma Lunn
clock 12 March 2015 •