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80,000 face tripled stamp duty
A tenth of home buyers in England and Wales may be clobbered with a tripling in stamp duty this year, London Central Portfolio said yesterday. Houses bought for over £250,000 face stamp duty of three per cent – versus just one per cent for those under the boundary. But the UK’s average house price climbed to £249,958 last year, LCP said, bringing more people over the limit.