The government is unlikely to change the way it levies stamp duty, a
Spokesman for brokerage John Charcol, Ray Boulger, said it would be better for the government to raise the threshold at which the levy was is charged to £250,000 and start it at two per cent.
At present a one per cent figure is payable on homes of £175,000 or more, a level that was raised from £125,000 a year ago by the chancellor Alistair Darling.
Mr Charcol said the current system is “unfair” and said his appeal for change is “a hope not an expectation”.
Such a consideration may concern those thinking of taking out a
The £175,000 stamp duty floor was instigated a year ago by the chancellor and was meant to last for exactly a year.
However, in his Budget speech in April Mr Darling announced the temporary rate would last until New Year 2010.