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flag UK home buyers face higher stamp duty costs, with nearly all first-time buyers now paying the tax.

flag Stamp duty costs for home buyers in England and Northern Ireland will surge starting April, with more buyers now paying the tax. flag First-time buyers paying stamp duty will nearly double from 21% to 42%, and the proportion of existing homeowners paying will jump from 49% to 83%. flag The tax-free threshold for first-time buyers drops from £425,000 to £300,000, and for other buyers, it falls from £250,000 to £125,000. flag These changes could add £1.1 billion annually to government revenues.

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