Stamp Duty 'Will Not' Impact UK Property Market
The high-end property market in the UK is unlikely to feel too much of a fallout when Stamp Duty is increased later this year, it has been claimed.
Research conducted by Investec Specialist Private Bank has found that 52 per cent of estate agents, developers and brokers believe that the pending rise in the tax on properties worth over GBP 1 million from four per cent to five per cent will have no influence on prices.
The increase will come into force from April 6th this year.
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