Payers of Stamp duty in the UK is becoming more

About a third of potential property buyers in the UK will pay over £7,500 in Stamp duty by 2018. Every fourth out of five sold this year and later houses will be sold again within the next five years. What “Stamp duty”

His study of the real estate market in the context of the burden on the purchaser paying the Stamp duty, held by Taxpayers Association of great Britain.

According to the study, the forecasts of real estate prices in the UK, and particularly in property prices in London, who publish the leading companies in the real estate market, suggest that the main buyers will rank taxpayers who are subject to higher rate Stamp duty.

The steady rise in property prices will lead to around £ 100,000 properties in the UK, which are now subject to rates of Stamp duty at 1% (property worth between £125000 and £250000), more expensive, exceeding the value of 250000 that will automatically make them taxable to Stamp duty at a rate of 3%, that is, their cost will increase three times. Thus, the average value of Stamp duty for these properties will grow three times and will reach about £2319 £ 8445 by 2017.

Approximately 99% of houses sold in London will be subject to taxation Stamp duty over the next five years, and five of the six homes sold in the Northwest will fall under the rate of Stamp duty at 3% by the year 2017-2018.

The largest increase of homes that fall under the Stamp duty, according to forecasts, will be observed in the East, where the number of sold objects under the Stamp duty will rise from 50 % to 71%, and three out of five homes sold in the Southeast, will be subject to the payment of the state fee in the amount of 3%.

More than half of all sold apartments and houses in England and Wales will fall under the state duty payment to the 2017-2018 year, including in 306 out of 347 municipalities.

Since we observed an intense recovery of the UK property market, more and more people fall under an increased rate of Stamp duty, as it interferes with primarily young families and the elderly to buy their own homes. Also increasingly problematic to buy a new housing for young professionals who found in a new place a new job.

In the UK government are increasingly receiving proposals to raise the threshold for Stamp duty and change of rates of stamp duty for low-cost real estate with the aim to ease the burden of the buyers in the lower price segment.

® Helen Antre 21.08.2013 g.