Stamp duty changes

The planned stamp duty changes announced by Chancellor George Osborne in his autumn statement come into effect today.
HM Treasury has produced a really useful two page guide and you can download a copy here
stamp duty guide image
Under the old rules, you would have paid tax at a single rate on the entire property price.
Now you will only pay the rate of tax on the part of the property price within each tax band – like income tax.
98% of home buyers should benefit.