Stamp Duty has apparently been
responsible for reducing house prices since 2012 by over £250
million.
Stamp Duty rises from 1% to 3% at
£250,000. People with houses worth just over that figure are on average reducing
prices by £7,000 to bring them back into the 1% bracket. If this affects some
40,000 homes as the figures suggest then the Government is losing approximately
£200,000 in Stamp Duty but the housing market is still generally in a very slow
recovery. ( The Times & The Daily Mail )
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