#stamp-duty

#stamp-duty

The past few weeks, we have seen a bewildering parade of policies emerging from Treasury sources. These include reforms to inheritance tax, replacing stamp duty with a national proportional property tax for homes worth more than 500,000, replacing council tax with a local proportional property tax levied on house values up to 500,000 with a minimum annual bill of 800 paid by the property owner, and a potential capital gains tax (CGT) on primary residences valued at more than 1.5m.

The average price of homes coming up for sale dropped by 1.2% in July compared to June, marking the largest monthly price drop recorded since 2002.

The CBI urges bold action to revitalize London’s equity markets, suggesting the removal of share purchase stamp duty and greater flexibility on executive pay.

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