article_snippet.sent: Miliband today set out plans to scrap stamp duty for most first-time buyers, curbing rent rises and giving local people priority for new homes.
article_snippet.sent: Nine in 10 people buying their first home will benefit from the stamp duty break, saving their up to £5,000, according to Labour.
article_snippet.sent: For the first three years of the next Labour government, we will abolish stamp duty for all first time buyers of homes under £300,000.'
article_snippet.sent: Chancellor George Osborne allowed a two-year holiday on stamp duty, which raised the threshold for first-time buyers to £250,000, to expire in March 2012, introducing a New Buy Guarantee in a New Buy Guarantee place.
article_snippet.sent: Labour says Labour would fund the stamp duty plans by tackling tax avoidance by landlords, pointing to HMRC figures that estimate it costs £550 million a year.