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How would potential new property tax differ from stamp duty and council tax system?

Treasury officials consider shake-up that could see tax paid by sellers of homes worth more than £500,000The government is considering a new national property tax as the first step towards a radical shake-up of stamp duty and council tax.The discussions taking place at the Treasury – revealed by the Guardian on Monday – have already prompted much debate and, perhaps inevitably, led to an outcry in some quarters. Here we consider how the current system works and how it could change. Continue reading...

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