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Stamp duty axe helps Ipswich home owners

PUBLISHED: 13:58 28 November 2001 | UPDATED: 10:56 03 March 2010

PARTS of Ipswich are to become more affordable as Gordon Brown wipes out stamp duty in deprived boroughs.

Stamp duty on properties up to £150,000 is to be scrapped in more than 1200 of the most disadvantaged areas.

PARTS of Ipswich are to become more affordable as Gordon Brown wipes out stamp duty in deprived boroughs.

Stamp duty on properties up to £150,000 is to be scrapped in more than 1200 of the most disadvantaged areas. These will include town ward, Gainsborough and Chantry. It is hoped the move will encourage investment and enterprise in some of the poorest wards.

Regeneration minister Lord Falconer welcomed the announcement. He said: "This is great news for business and home owners in some of our poorest areas. It will encourage both to locate and thrive in wards that badly need investment." The abolition is just one of the measures in a £1 billion package over five years aimed at improving deprived wards.

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