MONEY POLL: Should stamp duty be scrapped? Vote now
‘She’s been found out!’ Britons react to Angela Rayner controversy |
GB NEWS
Stamp duty is a levy paid by the buyer of a residential property in the UK when the purchase price crosses over the £125,000
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Thousands of homebuyers are forced to pay stamp duty every year when it comes to completing property transactions, but should the controversial tax be scrapped in the upcoming Budget?
Deputy Prime Minister Angela Rayner is under pressure over past mishandling in avoiding the levy, which could cost her political career.
As it stands, the stamp duty rate ranges from 5% to 12% of the purchase price, depending upon the value of the property bought, the purchase date and whether you are a multiple home owner.
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