Friday 1 August 2014
Stamp duty: millions more being dragged into tax trap
‘The number of households being forced to pay higher rates of stamp duty has more than doubled in the past decade, according to new figures.
The boom in property prices means that a quarter of homebuyers are paying stamp duty of 3 per cent or more, up from just one in 10 in 2003.
The disclosure coincided with government statistics that showed families paid a total of £3.4 billion in inheritance taxes last year, the most since the onset of the financial crisis.’
