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UK homebuyers rush to complete purchases before a stamp duty tax hike takes effect April 1.
UK homebuyers paid £1.1 billion in stamp duty in February, a £203 million increase from January, as they rushed to complete purchases before a tax hike on April 1.
Starting April, the stamp duty threshold drops to £125,000 for home movers and £300,000 for first-time buyers, increasing the tax burden on property buyers.
Mortgage lenders like Accord Mortgages and Skipton Building Society are helping buyers finalize their purchases before the deadline to avoid higher costs.
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Los compradores de vivienda del Reino Unido se apresuran a completar las compras antes de que un aumento del impuesto de timbre entre en vigor el 1 de abril.