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    Stamp Duty Threshold Raised in a Bid to Help Buyers

    Author: Danbro – Accounting Solutions for Contractors

    Danbro are informing individuals that the government has announced a package of measures to help boost a struggling property market Authentic Will Richardson Jersey , including raising the stamp duty land tax threshold by 50,000. Brought in for a twelve month period from 3rd September 2008 to 3rd September 2009, a home must now sell for 175,000 before stamp duty is paid.

    According to the government Authentic DJ Chark Jersey , this move will take half of properties into exemption from stamp duty. Previously, when the threshold was at 125,000, there were a third of properties that were exempt from the tax.

    Early speculation says that this move will cost the treasury 600 million. The government has promised to provide more details relating to how this move will be financed in the chancellor autumn pre-budget report.

    Other measures announced include; an extension of the powers of councils and housing associations Authentic Taven Bryan Jersey , allowing them to pay off homeowner debt, and then charge rent on the property and a reduction in the duration before which income support for mortgage interest is paid. This will now be paid after 13 weeks instead of the previous 39 week period.

    The government has also introduced HomeBuy Direct; a scheme that offers 5 year loans of up to 30% of the value of a new property for first time buyers. Households earning less that 60,000 will be eligible for the loans, which will be for 5 years Authentic Logan Cooke Jersey , with a fee payable at the end of this period.

    This is good news for the property market, as it is a beneficial move for buyers without forcing sellers to necessarily compromise their position. The government has come under fire with many people accusing them of pulling yet another publicity stunt. However, homeowners do look set to benefit from this move, and should get in touch if they would like further information on how they will be affected.

    Article Source: Link

    About the Author:

    Danbro are an Umbrella Company providing accounting services to thousands of Contractors and temporary workers throughout the UK.

    As accountants for contractors we aim to:




    Whether you choose to run your own Limited Company where prices start at just 80 + vat or wish to work through a Danbro Umbrella Company for only 20 pw Authentic Ronnie Harrison Jersey , we can help you to work out which accounting option works best for you.

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    GUIYANG, July 3 (Xinhua) — Installation was completed on the world’s largest radio telescope on Sunday morning as the last of 4,450 panels was fitted into the center of the big dish.

    Hoisting of the last triangular panel to the reflector, which is the size of 30 football fields, began at 10:47 a.m. and lasted about 40 minutes. It was a landmark step for the telescope’s planned launch of operations in September.

    About 300 people, including builders, experts, science fiction enthusiasts and reporters, witnessed the installation at a karst valley in Pingtang County in the southwestern province of Guizhou.

    Scientists will then begin debugging and trial observation of the Five-hundred-meter Aperture Spherical Telescope (FAST), said Zheng Xiaonian, deputy head of the National Astronomical Observation under the Chinese Academy of Sciences, which built the telescope.

    The project has the potential to search for more strange objects to better understand the origin of the universe and boost the global hunt for extraterrestrial life, said Zheng.

    Zheng said the radio telescope will be the global leader for the next 10 to 20 years.

    Upon completion, the telescope will dwarf Puerto Rico’s Arecibo Observatory, which is 300 meters in diameter. It will also be 10 times more sensitive than the steerable 100-meter telescope near Bonn, Germany, he said.

    Work on the 1.2-billion-yuan (180 million U.S. dollars) FAST project began in 2011.

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