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- | The number of homes sold for more than �2m - now subject to a higher stamp duty rate - fell at the end of last year, new figures show.
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- | There were 103 �2m-plus homes sold in December in England and Wales - an 18% drop from the same month a year earlier, the Land Registry said.
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- | Of these, 80 were sold in London, where prices have been rising the fastest.
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- | The sales came before Chancellor George Osborne introduced a new 7% stamp duty rate in Wednesday's Budget.
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- | There are various rates of stamp duty land tax - paid by the buyer of a property - already in place, depending on the cost of the home.
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- | The chancellor said that those who bought the most expensive homes should contribute more. This will mean the buyer of a home at a cost of more than �2m must pay at least �140,000 in stamp duty.
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- | The Treasury expects the measure to raise �150m in the next financial year, rising to �300m by 2016-17.
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- | First-time buyers
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- | The Land Registry provides the latest accurate data on the sales of homes at certain price bands.
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- | Continue reading the main story
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- | Current stamp duty thresholds
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- | * 1%: Properties of �125,000 to �250,000, but first-time buyers are exempt until 24 March
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- | * 3%: �250,000 to �500,000
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- | * 4%: More than �500,000
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- | * 5%: More than �1m, residential property only
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- | * 7%: More than �2m, residential property only
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- | In December, the biggest proportion of homes were sold for between �100,000 and �150,000, with a total of 14,385 sold.
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- | Any first-time buyers who bought homes at this price would have been exempt from stamp duty at the time.
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- | However, from Saturday, all buyers of homes sold for more than �125,000 will have to pay stamp duty because this exemption is coming to an end after two years. Mr Osborne said it had been "ineffective" in increasing first-time buyer numbers.
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- | In the Budget, the chancellor also announced that the level of stamp duty on residential properties over �2m which were bought via a company would increase to 15% with immediate effect.
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- | In addition, overseas companies that already own UK residential property worth more than �2m will be subject to capital gains tax from April 2013.
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- | Overall, the Land Registry said house prices in England and Wales rose by 0.1% in February compared with the previous month.
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- | However, prices were down 0.6% compared with February 2010. The average home cost �161,588.
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- | == 2010-2020 year ==
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- | It noted that China's economy will hopefully maintain steady and relatively fast growth.
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- | "The momentum of sustained growth remains strong and positive factors that can drive domestic demand up are increasing," it said.
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- | However, the report stressed that the sluggish recovery of the global economy, the negative effects of monetary loosening abroad and the unbalanced economic structure domestically still present a complicated environment for China.
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- | == exhibited more than 400 kinds of Spanish and English books ==
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- | <p> fair organizer “ Argentina books foundation ” say, in the course of 200 years since Argentina's independence,ralph lauren, books for the promotion of national construction and development has played a positive role, will lead the country along the direction of,abercrombie.</p>
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- | <p> thirty-sixth Buenos Aires International Book Fair 22 in Argentina,abercrombie, capital of Buenos Aires agricultural exhibition hall opened,abercrombie.</p>
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- | <li>According to the Fuj</li>
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- | </ul>
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- | It noted that China's economy will hopefully maintain steady and relatively fast growth.
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- | "The momentum of sustained growth remains strong and positive factors that can drive domestic demand up are increasing," it said.
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- | However, the report stressed that the sluggish recovery of the global economy, the negative effects of monetary loosening abroad and the unbalanced economic structure domestically still present a complicated environment for China.
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