Londoners face crushing stamp duty hike

Adrian Holliday
House prices
House prices

Increasing numbers of Londoners face a significant rise in stamp duty costs. Average London property prices are nearing £500,000. Once house prices lurch past the half-mill' threshold the stamp duty lifts from 3% to 4%. That 1% rise may not sound much.

But it's an extra £5,000-plus to find minimum if you're moving house. Which is all excellent news for the Treasury. %VIRTUAL-SkimlinksPromo%