THE stamp duty holiday on properties costing up to £175,000 was today extended until the end of this year.

Chancellor Alistair Darling said the exemption meant that 60% of homebuyers would not be liable for the tax.

The threshold at which the tax kicks in was initially increased from £125,000 to £175,000 for one year in September 2008.

How will the budget affect your finances? Use our online calculator