Stamp Duty of 7% is 'flawed and misguided'

The Chancellor's decision to propose a new 7% Stamp Duty threshold on properties worth two million pounds or more has proved to be a controversial one.

The Chancellor's decision to propose a new 7% Stamp Duty threshold on properties worth two million pounds or more has proved to be a controversial one.

The proposals, which came into effect on the day of the Budget, provoked a mixed, although largely negative reaction from commentators, many of them with more than half an eye on how it will affect their businesses.

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