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Could Equity Release Help With A Green Tax
15/09/2010
Coalition government cabinet ministers are considering introducing a 'green tax' to encourage homeowners to properly insulate their homes and make them greener.
The proposals are that people choosing to buy houses in the lowest band of energy efficient properties will be required to pay an additional 0.5 % on top of their stamp duty.
If they then carry out the necessary work to bring their home up to the required energy efficient standard in a reasonable period of time, after moving in, they could claim back this money.
The measures, aimed at reducing Britain's greenhouse gases, would be an extra burden on those already overly financially stretched.
Homeowners aged over 55 years who would like to know how much money the value of their property could release to help make their homes more energy efficient, can find out by contacting therightequityrelease.co.uk for equity release advice.
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