Stamp duty bills reveal huge North-South divide [Yahoo! Finance]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Yahoo! Finance
The property site is calling for a stamp duty reform ahead of the spring budget amid a stark stamp duty North-South divide Less than a third of properties for sale in London are currently exempt from stamp duty for first-time buyers, compared with nine in 10 homes in the North East. Homes in London have been traditionally more expensive than the rest of the country due to increasing demand. Read more: How to protect your finances if you're going through a divorce People must pay the tax on all properties over £250,000 or £425,000 for first time buyers. The charge ranges between 5% and 12% of the purchase price, depending upon the value of the property bought. The property portal has called for the government to implement policy changes in next week's budget to help people move home. "At the very least, the government should be thinking about making the current changes to first-time buyer stamp duty charges permanent, with the higher thresholds introduced in 2022 due to
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