ASURGE in activity in the [...]; Business IN BRIEF.A SURGE in activity in the housing market over the next few months is expected as the end of the Stamp Duty Stamp Duty An ad-valorem or flat rate charged upon certain documents. Notes: This is an extra charge placed on documents. See also: Ad Valorem Tax Stamp duty Applies mainly to international equities. holiday looms. It returns on January 1, putting an end to savings of up to pounds 1750 on house buys. At present, the holiday means buyers are exempt from thew thew n. 1. A well-developed sinew or muscle. 2. Muscular power or strength. Often used in the plural. [Middle English, individual habit, virtue, strength duty on any house valued at pounds 175,000 or below. The deal has been operating since September last year after Government action to stimulate the housing market. Industry sources reckon 60 per cent of housebuyers have bought below the pounds 175,000 threshold during that period and have made savings. Houses valued at up to pounds 125,000 will remain exempt from the tax. |
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