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Tories would raise stamp duty threshold

The Conservatives have announced they would raise the stamp duty threshold to 250,000, meaning the average homebuyer would not have to pay anything.
Tories say the measure will free over half a million homebuyers a year from stamp duty with over 80 per cent of home purchases attracting no stamp duty at all.
Conservative leader Michael Howard says: “This will help young people to get onto the property ladder. And it will make it easier for young couples starting a family to buy a bigger home.”

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