Bill on average-priced house cut by more than half following chancellor’s shift to progressive tax,Halifax research findsHomebuyers in England and Wales are typically paying £4500 less in stamp duty than before the government overhauled the system a year ago, according to research by Halifax.
The switch from a slab” structure to a progressive tax, and where buyers only pay each higher rate of tax on the portion of the price that goes over each threshold,was the surprise degree in 2014s autumn statement. Continue reading...
Source: theguardian.com