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Reform urged for government's proposed 3% stamp duty on buy to let

29 Jan 2016

The CML today urged the government to reform the implementation of the 3% stamp duty surcharge on second homes, in order to mitigate potential damage to the market as a whole

They are of the view that the current plans are likely to, inadvertantly, cause rents to increase - precisely the opposite of the government's intention

The concerns include:

See here for the Council of Mortgage Lenders press release, and also the government's questions and CML's responses

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