UK Homeowners Save £701 million in Tax

Written by: Keoghs Solicitors

Date: 10th June 2015

UK homeowners have saved £701million in the six months since the introduction of the Stamp Duty Land Tax reforms on December 4,2014.

The changes to how stamp duty is levied cut the tax for the 98{976169db6f22d9550bd58349ed6caacdc3c11799e572ef8ddb13772e22ce1187} of people purchasing homes under £937,500,.

The research carried out by myhomemove illustrates the large savings made by UK homeowners since the reforms, with each house buyer below this level saving an average of £1,400.

Keoghs, Nicholls, Lindsell & Harris provide residential conveyancing services, which can be accessed on 0161 928 9321.