Big landlords could be exempt from the 3% stamp duty surcharge on second homes under a Treasury proposal to extend an exemption for corporates and funds to include significant investment by individual purchasers.
The Treasury published the consultation document on Monday. In it it says there may be occasions when exempting purchases by individuals is justified.
The consultation also includes a proposal to impose the stamp duty surcharge on the initial purchase of a residential property by a company or collective investment scheme, in a move to prevent the use of such corporate structures to avoid tax.
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The Daily Telegraph, p. 1, 2
