Thursday, 25 March 2010

Radio bulletin 4

In the presentation of the recent budget, Alistair Darling has announced that the threshold for stamp duty on first time buyers has doubled from one hundred and twenty five thousand pounds, to two hundred and fifty thousand pounds. This increase will mean that around one hundred and thirty six thousand first-time buyers will be exempt from paying tax on the value of their house, however Darling plans to raise the duty to five percent in order to fund the increase.

We spoke to a student at the university of Winchester, Matthew Maidment who himself is a first time buyer of a property in Southampton:

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