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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.

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.

Of these, 80 were sold in London, where prices have been rising the fastest.

The sales came before Chancellor George Osborne introduced a new 7% stamp duty rate in Wednesday's Budget.

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.

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.

The Treasury expects the measure to raise �150m in the next financial year, rising to �300m by 2016-17. First-time buyers

The Land Registry provides the latest accurate data on the sales of homes at certain price bands. Continue reading the main story Current stamp duty thresholds

   * 1%: Properties of �125,000 to �250,000, but first-time buyers are exempt until 24 March
   * 3%: �250,000 to �500,000
   * 4%: More than �500,000
   * 5%: More than �1m, residential property only
   * 7%: More than �2m, residential property only

In December, the biggest proportion of homes were sold for between �100,000 and �150,000, with a total of 14,385 sold.

Any first-time buyers who bought homes at this price would have been exempt from stamp duty at the time.

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.

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.

In addition, overseas companies that already own UK residential property worth more than �2m will be subject to capital gains tax from April 2013.

Overall, the Land Registry said house prices in England and Wales rose by 0.1% in February compared with the previous month.

However, prices were down 0.6% compared with February 2010. The average home cost �161,588.

Creative Kids Make Costumes From Duct Tape and Trash 3807

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It is actually a big Shot Quilt

100 % forgot to submit this project in your case! I went into the Syracuse Regionals our good friends and i went to a stunning quilt keep. was much exciting! Several of us all procured this cute owl print material and that i can wait around to find out what anybody else has put together using this content! manufactured this "shot glass" quilt using the Enormous SHOT! die). am delighted with the completed product or service, although there are a few elements I'd personally adjust (like my machine quilting inside of the stop:) you recognize like every craft, it home made and that i pleased with it!

can be a few pics showing you ways I created the quilt. initial step was reducing the fabric. taken a few photographs of your die {and the|and also the|as well as the|along with the|plus the|as well as|additionally, the|and then the|together with the|and therefore the|and also|in addition to the|also, x the} slash parts so that you can see how they were being manufactured (I didn slice the best from the pennant).

Then I laid them all out to the flooring to acquire an approach of where exactly I "randomly" desired the material to go. was entertaining and we performed because of the structure. I introduced them family home from NY to sew! sewed each row jointly after which the rows alongside one another, then the edge, then the again (doesn that sound relatively easy?)

hope you want the quilt! an awesome working day!

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Heather

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Hi Heather, I much too, am a quilter for quite some time now. I like anything you have crafted with the Enormous Shot items. Will I consult what's the finished measurement? The amount of "shot glasses" did you employ? I might cherish to make a quilt similar to this. I do think this would produce a exceptional reward for your new Mom developed away from fantastic soft prints. I'm not a pastel supporter, just smooth, lucious prints. This sort of stunning prints you have on your quilt. I was thinking just how long did it choose you to enable it to be? I am so brimming with thoughts nowadays, sorry about that, I might just ultimately wish to know.
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