The changes to stamp duty on residential properties announced by the Chancellor in his Autumn Statement will reduce the cost of this tax for the great majority of people but will have severely negative consequences for the value of more expensive properties.
Earning over £150,000? We’ve had one year of the 50p ‘additional rate’ and, despite the Chancellor’s statement that he sees the rate as temporary, most expect it to be around until 2013 at least – unless, maybe, it is proved that it isn’t raising much. Nick Clegg has stated that he suspects that the top-rate […]
50% taxpayers will have been heartened by George Osborne’s assertion in his Budget speech that he sees the 50p additional rate as temporary. However, for those 50p taxpayers who also own high value property, their joy at a possible future removal of the 50p rate may be tempered by : 1. The Chancellor’s statement that: […]