Budget 2012: Stamp duty raid on £2m homes and a crackdown on offshore tax dodges | Mail Online
Stamp duty on all homes that cost more than £2million will soar to seven per cent from tonight, George Osborne announced in a tax grab on the wealthy.
A new 15 per cent tax will also be imposed on all properties over £2million which are bought via a company in an attempt to close a loophole.
Mr Osborne said the clampdown on stamp duty avoidance will help raise five times more than the 50p tax which 'may raise nothing at all'.
The Chancellor added that the Government will consult on a 'mansion tax' - an annual charge on properties worth at least £2million - in a concession to the Liberal Democrats
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