The Telegraph reports that a record 306,000 people paid stamp duty of 3% or more on their properties last year, as the Treasury cashed in on booming house prices.
The number paying stamp duty could pass a third of a million this year, as property prices are expected to climb by 10%, despite a cooling market.
The three bands are now 1% for properties over £125,000, 3% on properties over £250,000 and 4% on properties over £500,000.
Research published by the mortgage company MForm calculated that the average amount of stamp duty paid by people who bought houses last year was £3,581 - an increase of 25% on the previous year.
Click to read the full story http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/10/17/nhomes117.xml
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