Tuesday, August 6, 2013
Govt raking it in from hard up buyers
The TaxPayersâ€™ Alliance (TPA) today published new research showing what they have called the â€˜punitiveâ€™ amounts paid in Stamp Duty each year. While home-buyers in London and the South East are hardest hit, more people across the country are being hit by Stamp Duty at the 3% rate, which acts as a barrier both for an increasing number of first-time buyers. Families buying a home for between Â£250,000 and Â£500,000 pay between Â£7,500 and Â£15,000 in Stamp Duty.