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The Independent UK
The Independent UK
Millie Cooke

Rachel Reeves hikes stamp duty – but chancellor warned renters will pay price

Rachel Reeves

Rachel Reeves has been warned her decision to hike stamp duty for second home-buyers will punish renters as well as landlords.

At Wednesday’s Budget the chancellor announced that second-home buyers will face an increase of 2 percentage points to the stamp duty land tax (SDLT) surcharge, taking the additional tax to 5 per cent.

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