- Nearly 75% of first-time buyers now pay stamp duty compared with 40% 4 years ago
- First-time buyers typically pay £1,040 in stamp duty - equal to 5.6% of average annual take-home pay
- Revenue taken from residential stamp duty has more than trebled over last 4 years to £3.6bn in 2002/03
- In 2002/03 we estimate mortgaged first-time buyers paid c£700m in stamp duty - 19% of total revenue
- Allowing first-time buyers to be excluded on purchases up to £150,000 would cost £280m
 To read the full article on Nationwide's call to abolish stamp duty for first-time buyers; click here
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