George Osborne reveals changes to stamp duty in his Autumn Statement

The video discusses changes in stamp duty, highlighting benefits for sellers like Joanne Morrow in Birmingham. The new system aims to remove barriers to home ownership but results in an £800 million annual loss for the Treasury. Immediate implementation is praised, with new tax rates reducing costs for most buyers, though high-end properties face higher taxes. The luxury market, accustomed to high taxes, may be affected. The video concludes by questioning if the changes fix an unfair system or start another boom.

What is one reason Joanne Morrow is considering selling her property?

• She wants to move to a new city.

• She prefers selling over dealing with tenant issues.

• She is retiring and needs the money.

• She wants to invest in the stock market.

How much tax would you pay on a house worth £275,000 under the new system?

• £8,250

• £5,000

• £3,750

• £7,500

What percentage of house buyers will benefit from the new stamp duty changes?

• 50%

• 98%

• 100%

• 75%

What is the new tax rate for properties over £925,000?

• 12%

• 15%

• 10%

• 5%

Which areas generated more stamp duty revenue than several regions combined?

• Manchester and Liverpool

• Kensington and Chelsea and City of Westminster

• Birmingham and Leeds

• Edinburgh and Glasgow