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11/08/2008
Barratt Homes scraps stamp duty |
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In the wake of Alistair Darling's announcement that the government may be offering first-time buyers a "stamp duty holiday", Barratt Homes has announced it will scrap the tax on all of its properties.
The housebuilder confirmed their decision on Friday (August 8th) and reported it would take effect immediately.
As no official decision has been made by the government and Barratt claim that it is possible nothing will happen, it has decided not to wait for the chancellor to make a change.
Mark Docherty, sales director for Barratt, explained: "We don't want our homebuyers to worry about whether they should buy now or wait to see if the Chancellor makes a change to the rules. That is why we are offering to pay their stamp duty for them."
Some Barratt properties will also have their legal fees and moving costs paid.
According to the Times, Mr Darling has rejected a third request for a meeting with estate agents to discuss temporarily lifting stamp duty.
Peter Bolton King, chief executive of the National Association of Estate Agents, said: "The housing market is now going downhill so fast that urgent action needs to be taken." |
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