Stamp Duty Costs Double Over Decade Despite Modest House Price Growth
UKPulse Property Desk
Stamp duty on an average British property has risen by over 100% in the last decade, while house prices increased by 28%.
- Stamp duty on an average property in Britain has increased by more than 100% over the past decade.
- House prices rose by 28% during the same period.
- Analysis by Blick Rothenberg suggests frozen tax thresholds have contributed to this increase.
The cost of stamp duty on an average property purchase in Britain has more than doubled over the last ten years, according to analysis from accountancy firm Blick Rothenberg. This increase of over 100% contrasts with a more modest 28% rise in house prices during the same decade.
Blick Rothenberg's research indicates that frozen tax thresholds have led to a fiscal drag, pushing a greater proportion of property transactions into higher tax bands.