Osborne bins 'single slab' stamp duty; unveils new tiers
The government is to scrap the existing 'single slab' approach to stamp duty on residential property purchases, introducing a new tiered charge from 4 December.
The current system means buyers pay 1% in stamp duty land tax tax on a £250,000 home, but 3% on a property costing £250,001. This represents an unfair system, Chancellor George Osborne said during the...
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