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Stamp duty holiday: who was helped?

By Channel 4 News

Updated on 20 November 2009

A year after the government offered buyers a stamp duty holiday, a survey claims the impact of the measure has fallen short of treasury aims.

For sale sign (picture: Reuters)

Last september the lower limit for 1 per cent stamp duty on property sales was raised from £125,000 to £175,000.

The Treasury said it expected buyers to save £600m in a year.

That was soon revised down to £280m but property website zoopla claims it fell short of that figure, saving just £173m.

The treasury says it is still on track to meet its revised target.

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