How would a new property tax impact Londoners?
Description
The Treasury is considering a new tax on the sale of homes worth more than £500,000 as a step towards a radical overhaul of stamp duty and council tax - although no final decision has been made. With half of all home sales over £500,000 in London, it would have a disproportionate impact on the capital. The Standard’s Chief Political Correspondent Rachael Burford has the latest.
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