Will Boris’s Stamp Duty Proposals Freeze the Prime London Market?

Last week Boris Johnson threw a tactical hand grenade into the housing market.

The journalist and former Mayor of London, who has a well-earned reputation for factual vagueness, has dived headfirst into one of the most controversial and complicated aspects of the property industry – SDLT or stamp duty.

On Friday he revealed that a Bojo government would abolish the duty on houses sold for under £500,000 and revert the rate for higher priced properties from 12% to 7%. 

The proposa...

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