ON AIR DAVE GOULDEN

: Waiting for next track...

Wessex FM News

Contact the News Team:
Tel: 01305 250333

Dorset Estate Agent Reacts To New Stamp Duty Rules

Mark Parker

8:33am 4th December 2014
(Updated 8:35am 4th December 2014)

It's now become easier for people trying to buy houses in the tough Dorset market.

The Chancellor's new shake-up to the way stamp duty's worked out come into effect at midnight.

Stamp Duty is now graduated which the government says will mean that  98% of homebuyers owe less than before.

Mark Parker owns a local estate agent Parkers Property Consultants and Valuers, he says it's a win-win for both sellers and buyers.

He told Wessex FM: "To have a staggered stamp duty is something that the industry has being championing for a long, long time.

"It will potentially give buyers more money in their pockets but also enable sellers to achieve the proper value of their properties'."

In some cases, buyers who were paying around £8,000 were told it would be halved to about £4,000.

But some industry experts are warning that the move could see prices go up as a result.

Here's how the changes will affect local properties in different price brackets:

-  Up To £125,000 – No change: £0 to pay.

- £185,000 – Old system - £1,850; New system - £1,200.  Saving = £650

-  £275,000 – Old system - £8,250; New system - £3,750.  Saving = £4,500

-  £510,000 – Old system - £20,400; New system - £15,500. Saving =£4,900

- £2.1m – Old system - £147,500; New system - £165,750. Loss = £18,750

Sign up for the latest local news direct to your inbox


Share This Story

Submit this page to redditDelicious
brewery square clock

brewery square clock

The Wessex Word

See the latest wrong guesses and win cash!

The Bun Run

Request the cakes for your workplace!

Book Your Table

For sales in January and March

Free Fuel Friday

Find out how to get your car sticker

Dorset Webcams

Take a look around our beautiful county

Book our Disco

Have DJ Owen at your party or celebration!

Meeting Room Hire

Come to Wessex FM for your meeting or conference

Close

We Use Cookies

This website uses cookies to store information on your computer.

By using this website you accept the use of cookies as explained in the terms of our cookie policy.