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End of stamp duty unlikely to boost transactions

The pick-up in activity that normally accompanies the end of a stamp duty holiday will be more muted in March 2012 than it has been previously because only first-time buyers qualify for relief, according to Capital Economics.

Since March 2010, FTBs have been exempt from paying the 1 per cent stamp duty on properties priced up to £250,000. However, as it currently stands, from March 25, 2012, the threshold at which stamp duty becomes payable will revert to £125,000 for all buyers.

Capital Economics says there is normally a 20-40 per cent increase in transactions in the final months of the stamp duty holiday, but the increase is likely to be lower this time given the current economic conditions and that only FTBs are eligible for relief.

In a note published today, it says: “With the market still in the doldrums, it is perfectly possible that the stamp duty holiday is extended. But while the market remains overvalued, the chances that a stamp duty holiday will provide a kick-start for transactions, or even a material short-term boost, seem remote.”



Law firm seeks second judicial review on behalf of Arch cru investors

Law firm Regulatory Legal is looking to launch a judicial review of the FSA’s £54m compensation package for Arch cru investors on behalf of 2,700 investors. This week, pressure group Justice in Financial Services filed a separate claim for a judicial review of the compensation package on behalf of Coull Money, an IFA firm that […]

Dunstan Thomas appoints David Child as non-exec chairman

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Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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