TaxPersonal TaxStamp duty changes are indiscriminate

Stamp duty changes are indiscriminate

Today's increases in Stamp Duty on property sold for more than £250,000 have been applied indiscriminately to commercial as well as residential property.

If the chancellor is to use Stamp Duty as a fiscal tool, it should be better targeted on the particular sector, in this case residential housing.

If ever there was a tax law that needing rewriting, then Stamp Duty is it and it is a pity that the government has not heeded representations in this regard.

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