Stamp Duty up 82% since 2002

Le Gouais, Marcel
March 2008
Mortgage Strategy;3/10/2008, p7
Trade Publication
The article reports on the rocketing increase of the Stamp Duty rate in Great Britain since 2002. According to a research from Halifax, the Stamp Duty for first-time home buyers has increased by 82 percent, up from £960 in 2002 to £1,751 in 2008. With this, industry experts are calling on the government to increase the minimum Stamp Duty threshold to help alleviate the financial strain on prospective first-time buyers and to compensate for house price increases.


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