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SDLT & Mansion Tax: Has George let mansion tax in through the back door?

MansionThis year’s Autumn Statement introduced a welcome reform of the Stamp Duty (SDLT) regime. To the relief of buyers, sellers, agents and lenders across the nation, the Chancellor has done away with the ‘slab’ based application of the tax; which effectively caused purchasers to suffer a higher rate of tax on the entire price of a residential property if that price exceeded a particular threshold by as little as a pound. With SDLT remaining largely unchanged since 2000 whilst house prices have soared, this particular change is long overdue.

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