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29/11/2001
Reid welcomes abolition of stamp duty
The Secretary of State, Dr John Reid has welcomed the move to abolish stamp duty in property purchases in Northern Ireland under £150,000.
The abolition revealed in UK Chancellor Gordon Brown’s pre-budget report will apply in 237 different wards throughout the province from November 30.
Speaking on Wednesday November 28 Dr Reid said: “The abolition of the stamp duty in disadvantaged wards is excellent news for home and business owners throughout Northern Ireland. Businesses and homebuyers in 237 wards will benefit, from Killyleagh to Crossmaglen; and from Bushmills to the Shankill.
“This proposal in the Chancellor's pre-budget report may be the impetus for even more people to buy their own homes and allow those business people amongst us to consider a start-up venture or even an expansion.
“This measure will be a welcome boost for all. It is a tribute to the Government's sound fiscal management that it is possible against a backdrop of difficulties in the global economic arena.”
Sinn Féin Chairperson of the Assembly Finance and Personnel Committee, Francie Malloy has also welcomed the move. He said: “The abolition of Stamp Duty is to be welcomed as it will hopefully create business and development opportunities within deprived areas. This recognition of deprivation within certain areas also gives a clear direction for government agencies to follow the example to target investment in services, facilities and infrastructure in these areas.” (AMcE)
The abolition revealed in UK Chancellor Gordon Brown’s pre-budget report will apply in 237 different wards throughout the province from November 30.
Speaking on Wednesday November 28 Dr Reid said: “The abolition of the stamp duty in disadvantaged wards is excellent news for home and business owners throughout Northern Ireland. Businesses and homebuyers in 237 wards will benefit, from Killyleagh to Crossmaglen; and from Bushmills to the Shankill.
“This proposal in the Chancellor's pre-budget report may be the impetus for even more people to buy their own homes and allow those business people amongst us to consider a start-up venture or even an expansion.
“This measure will be a welcome boost for all. It is a tribute to the Government's sound fiscal management that it is possible against a backdrop of difficulties in the global economic arena.”
Sinn Féin Chairperson of the Assembly Finance and Personnel Committee, Francie Malloy has also welcomed the move. He said: “The abolition of Stamp Duty is to be welcomed as it will hopefully create business and development opportunities within deprived areas. This recognition of deprivation within certain areas also gives a clear direction for government agencies to follow the example to target investment in services, facilities and infrastructure in these areas.” (AMcE)
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13 January 2010
Stamp Duty 'Has Little House Price Impact'
Despite the reversion of stamp duty in Northern Ireland, more prices fell than rose in the local housing market in December. The Royal Institution of Chartered Surveyors (RICS) survey said it also expects house prices to stay the same for the next three months. The rate at which Stamp Duty Land Tax applied reverted back to £125,000 from £175,000.
Stamp Duty 'Has Little House Price Impact'
Despite the reversion of stamp duty in Northern Ireland, more prices fell than rose in the local housing market in December. The Royal Institution of Chartered Surveyors (RICS) survey said it also expects house prices to stay the same for the next three months. The rate at which Stamp Duty Land Tax applied reverted back to £125,000 from £175,000.
02 July 2008
NI Housing "Not As Bad As It Seems", Says Leading Economist
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28 November 2002
Pre-Budget Report broadly welcomed in NI
There was a largely positive response in Northern Ireland today to Chancellor Gordon Brown's Pre-Budget Report (PBR) in Parliament yesterday.
Pre-Budget Report broadly welcomed in NI
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26 August 2003
Paisley welcomes counterfeit success
North Antrim MP, Dr Ian Paisley has welcomed yesterday's counterfeit goods success by police at the annual Auld Lammas Fair in Ballycastle. A substantial amount of counterfeit CDs, DVDs and clothing were recovered on Monday, the first day of the annual two-day fare. Dr Paisley said: "The raid operation by the police is most welcome.
Paisley welcomes counterfeit success
North Antrim MP, Dr Ian Paisley has welcomed yesterday's counterfeit goods success by police at the annual Auld Lammas Fair in Ballycastle. A substantial amount of counterfeit CDs, DVDs and clothing were recovered on Monday, the first day of the annual two-day fare. Dr Paisley said: "The raid operation by the police is most welcome.
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