Charles Beer of KPMG LLP laments a Budget of missed opportunity for the property industry
For the property industry this was a Budget of missed opportunity. The few measures that were introduced affecting the industry were helpful at the margin but the Chancellor chose not to introduce more extensive reforms particularly to the SDLT and REIT rules which could have helped to revive the property market.
Stamp Duty Land Tax
At 4% on sales over £500 000 SDLT is a significant drag on the market at a time when values are falling. If there was ever a time when rates should have been reduced because of market conditions this was surely it....
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Charles Beer of KPMG LLP laments a Budget of missed opportunity for the property industry
For the property industry this was a Budget of missed opportunity. The few measures that were introduced affecting the industry were helpful at the margin but the Chancellor chose not to introduce more extensive reforms particularly to the SDLT and REIT rules which could have helped to revive the property market.
Stamp Duty Land Tax
At 4% on sales over £500 000 SDLT is a significant drag on the market at a time when values are falling. If there was ever a time when rates should have been reduced because of market conditions this was surely it....
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
