Advisers have welcomed the Chancellor's overhaul of the taxation system around buying property, saying it is an "ingenious" idea that will benefit the majority of clients.
Chancellor George Osborne announced a raft of fiscal changes today in the final Autumn Statement of the current parliament.
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 Chancellor George Osborne will today raise stamp duty on the country's highest priced properties as part of a tax raid on the wealthy.
The UK fund management industry faces complete transformation if the financial transaction tax - or Tobin tax - is implemented, commentators have warned.
The Government has announced a consultation into the tax regime for investment trusts, which will include rules on direct property investment.