According to the Home Owners Alliance the average stamp duty paid on buying a home has jumped from £532 in 1995/6 to £5957 in 2011/12. In London, the average amount of stamp duty paid by homebuyers has rocketed to £17,529. Stamp duty has risen 7.1 times faster than inflation, 6.5 times faster than average earnings and 4.6 times faster than … Read More
Stamp duty – The unfair tax
29According to the Home Owners Alliance the average stamp duty paid on buying a home has jumped from £532 in 1995/6 to £5957 in 2011/12. In London, the average amount of stamp duty paid by homebuyers has rocketed to £17,529. Stamp duty has risen 7.1 times faster than inflation, 6.5 times faster than average earnings and 4.6 times faster than … Read More