The Stamp Duty Burden
Expected rising property prices over the next five years by Savills Research mean that many more exempt homes will be subject to Stamp Duty when they are sold and many homes which are already subject to the charge will face an even higher bill. While all homes which rise in price have to pay a higher Stamp Duty bill when they are sold, many homes will also have to pay a higher rate. For example, buying a home for £225,000 would incur a Stamp Duty bill of £2,250 (at a rate of 1 per cent). But if the home rose in price by 20 per cent to £270,000, the buyer would incur a rate of 3 per cent and a bill of £8,100.
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