Umair
Some home buyers face higher stamp duty costs from Tuesday, and website Rightmove has calculated the impact at different price points.
Its calculations indicate that first-time buyers in England and Northern Ireland, where stamp duty applies, making purchases for £625,000 and approaching that figure could find it particularly painful financially if they miss the deadline.
The figures show the property price, the previous stamp duty cost, the new stamp duty cost from April 1, and the increase in charge for non-first-time buyers, followed by the same figures for first-time buyers:
£125,000, £0, £0, £0, £0, £0, £0
£250,000, £0, £2,500, £2,500, £0, £0, £0
£425,000, £8,750, £11,250, £2,500, £0, £6,250, £6,250
£500,000, £12,500, £15,000, £2,500, £3,750, £10,000, £6,250
£625,000, £18,750, £21,250, £2,500, £10,000, £21,250, £11,250
£750,000, £25,000, £27,500, £2,500, £25,000, £27,500, £2,500
£925,000, £33,750, £36,250, £2,500, £33,750, £36,250, £2,500
£1,000,000, £41,250, £43,750, £2,500, £41,250, £43,750, £2,500
