The Conservatives announced in their 2010 Election manifesto on 13th April 2010 that they would indeed plan on abolishing the Home Information Pack if they get into power. They would also make the lower limit on Stamp Duty £250, 000.
To quote the manifesto;
“Help the housing market to thrive
- Help first-time buyers get on the housing ladder, by increasing the stamp duty threshold to £250, 000, so that nine out of ten first-time buyers will pay no stamp duty. This is a permanent tax cut, unlike Labour’s plans which are just for two years; and
- Abolish Labour’s expensive and unnecessary Home Information Packs which increase the cost and hassle of selling homes. “
Uncertainties in the Conservative Manifesto relating to Housing