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UK: Will higher taxes hit house prices?

Posted on 03 October 2012

Estate agents are divided about whether higher taxes will hit house prices, with experts disagreeing about the impact of increased Stamp Duty and the proposed mansion tax.
New research suggests the global wealthy are not much bothered by Stamp Duty at 5pc on properties priced at more than £1m or 7pc above £2m – even though the latter impost means a taxbill of at least £140,000 nominally just to update the Land Registry………………………………………..Full Article: Source


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