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Reviews

http://fullfact.org/economy/treasury-terraced-house-tweet/(permalink)

Author: full-fact

Factors

veracity

language

English

Date published

2022-09-30

Entities

Experian Taxation in the United Kingdom Stamp duty Terraced house National Insurance Martin Crane Mortgage loan London United Kingdom Full Fact Land registration Interest rate cap and floor

Claims (1)

As a result of the government’s “Growth Plan”, a typical first-time buyer in London moving into a representative terraced house will save £11,250 on stamp duty and £1,050 on the household's energy bills—and if they earn £30,000, almost an additional £400 on tax. This is around £12,700 in total.

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