Rumours of property tax spark backlash ahead of Autumn Budget
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Rumours of replacing stamp duty with a property tax on homes worth more than £500,000 have sparked fury among property experts.
The Guardian reports ahead of the Autumn Budget, Chancellor Rachel Reeves has tasked officials to “study how a new ‘proportional’ property tax could be implemented and model its impact before reporting back to ministers.”
The tax would be paid by owner-occupiers on properties valued over £500,000
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