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Article: Stamp duty doubles for first-time buyers in the South-East; Across UK, 40% buying first home will pay no duty at all.(Business)
- Article from:
- Western Mail (Cardiff, Wales)
- Article date:
- March 12, 2008
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THE average stamp duty bill faced by first-time buyers has nearly doubled during the past five years, figures showed today.
People taking their first step on to the property ladder paid average stamp duty of pounds 1,751 in 2007, 82%more than the pounds 960 they paid in 2002, according to Britain's biggest mortgage lender Halifax.
A North/South divide on the level of the tax paid by first-time buyers is also developing.
The average person buying their first home in London, the South East, South West and East paid ...