'Buyers purchasing a property in the last 12 months are typically £4,500 better off owing to the stamp duty changes of a year ago, a lender says.Stamp duty was reformed to a more progressive system in England and Wales last December.The changes saved tax for most buyers but dampened demand at the top end of the market, the Halifax said.The lender said that the total tax levied in the UK rose to a record £7.5bn in 2014-15."The changes made to stamp duty a year ago have been of significant benefit to many buyers," said Craig McKinlay, mortgages director at the Halifax."Only those purchasing the most expensive homes are worse off. There is some evidence that the top end of the market has been adversely affected by the changes with sales over £1.5m falling by twiceas much as the market as a whole."'
'In his Autumn Statement, Chancellor George Osborne announced a further reform of stamp duty. A 3% surcharge on stamp duty when some buy-to-let properties and second homes are bought will be levied from April.This means it will add £5,520 of tax to be paid when buying the average £184,000 buy-to-let property.'