<b>Budget 2006:</b> Stamp duty simplified. By Nichola Ross Martin
A number of welcome measures were announced which will help to simplify the system:
A small increase in the threshold for Residential transactions is announced. From 23rd March 2006 the threshold for stamp duty land tax on residential transactions from £120,000 to £125,000.
Extension of Alternative Finance Reliefs
Relief against an extra charge for those using alternative financing arrangements for the purchase or lease of land and buildings. These are structured to preclude the payment of interest.