The stamp duty changes could add an extra £1.1 billion annually in the tax to government coffers
Mapped: The areas of England and Northern Ireland where stamp duty rises will hit hardest
The proportion of first-time buyers in England and Northern Ireland who will need to pay stamp duty will double from April, according to analysis by a property website.
Currently, 21 per cent of first-time buyers pay the tax, but Zoopla estimates this will surge to 42 per cent after the upcoming changes. Existing homeowners aren’t immune either, with the proportion liable for stamp duty predicted to jump from 49 per cent to a staggering 83 per cent.
These shifts are driven by reductions in stamp duty discounts.
The “nil rate” band, the threshold below which no stamp duty is paid, will shrink from £425,000 to £300,000 for first-time buyers.
Mapped: The areas of England and Northern Ireland where stamp duty rises will hit hardest
https://www.independent.co.uk/news/uk/home-news/map-uk-stamp-duty-areas-b2700300.html
