Alistair Darling announced today in his pre-budget report that the stamp duty holiday in the UK will not be extended and will end on the 1^st January next year.

The stamp duty threshold will revert to £125,000 rather than the £175,000 which it currently stands at. There had been speculation that the new threshold would be carried on until next year but this is not to be the case. This is disappointing news in particular for first time buyers but also to British homeowners struggling to sell their properties and almost all companies involved in the property market.

This entry was posted on Wednesday, December 9th, 2009 at 5:33 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.