Stamp duty was already a bad tax – the buy-to-let surcharge makes it even more stupid - City AM

Petty, shallow and stupid. That pretty much sums up the government’s new 3 per cent stamp duty surcharge on additional properties, announced by the chancellor in the Autumn Statement last week. Beyond the naked appeal to the public’s envy of second home owners and buy-to-let landlords, there is almost nothing to recommend this measure on any sober analysis of how it will actually work.

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Stamp duty was already a bad tax – the buy-to-let surcharge makes it even more stupid - City AM
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December 01, 2015 at 2am - 5am

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