Stamp duty break 'not enough' to revive market

Earlier today, the Chancellor announced stamp duty land tax thresholds will rise from £125,000 to £175,000 for twelve months. This relief will apply to transactions with an effective date on or after 3 September 2008 and before 3rd September 2009. The move ends weeks of speculation about whether the Government would announce a stamp duty holiday to revive the ailing housing market. According to a survey for Moveme.com of 1,500 potential home movers, 83% delayed their decision to move home until the stamp duty position became clear. However, critics argue that the move, which would save b...