STAMP DUTY

That this House notes that the current exemption from stamp duty on properties valued at £175,000 or less is due to expire on 31 December 2009; recognises the importance of the current exemption in helping stimulate the housing market which has witnessed rising prices for the past seven months; further notes the need to continue helping families and individuals to buy property in the current economic climate; and urges the Government to extend the stamp duty exemption in order to stimulate the housing market further and to help the economy grow in 2010.