Archive Article: 1998/03/20

20 March 1998

Stamp duty

THE latest increases (up from 1.5% to 2% on property sales over £250,000; up from 2% to 3% on sales over £500,000) will significantly affect land transactions. Even on a sale of 80ha (200 acres), the rise will add about £6000 to the purchase price. It is now a tax to be taken seriously.