Friday, 5 December 2014

Stamp duty

Families buying homes in Wokingham will pay on average £3767 less in Stamp Duty - says Clive Jones, Lib Dem PPC for Wokingham

Home buyers in Wokingham will pay £3767 less in Stamp Duty under new Coalition reforms, research by the Liberal Democrats has shown.

The new system - announced at the Autumn Statement - is based on a long-standing Liberal Democrat policy and will significantly reduce the cost of moving house.

People buying homes worth less than £935,000 will now pay less Stamp Duty than they did before, while those buying the most expensive properties will pay more.

For the average buyer in Wokingham area the tax will fall from £9350 to £5584.

It means families buying a home costing £311674, the local average, will save £3767.

Clive Jones, Liberal Democrat prospective parliamentary candidate for Wokingham said:
Clive, out delivering local Focus leaflets, in last year's snow.
“Stamp Duty has often been a prohibitive extra cost which has discouraged many people from buying a house they can call their own.
“This reform will help first-time buyers and those young families who desperately want to get their feet on the first rung of the property ladder. 
“It’s fair, it’s sensible, and it has been a long-standing Liberal Democrat policy - one we have now delivered in Government. 
“This change will help everyday families and individuals realise the simple aspirational dream of owning a home.”