Halifax Publishes New Stamp Duty Report
A recent research carried out by Halifax showed that a 140% increase in UK house prices registered in the past decade resulted in a 500% rise in the number of homeowners qualifying for the stamp duty tax.
For example, in 2010 the proportion of homeowners whose properties were valued at £250,000 reached 26%. In 2000, this figure only stood at 5%.
According to Halifax, the approximate number of properties valued at over the £250,000 threshold currently stands at 5 million. In 2000, this figure stood at 875,000.
Let us remind that the thresholds, which were introduced in 1997, remained unchanged since that time regardless of the 140% increase in UK house prices.
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