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Pace Mr. Loveridge (1 March @ 7.35pm) - it's gone way beyond "stamp duty", which was a duty on documents to ensure they were admissible in court. We should call it "Land Transaction Tax" as in Scotland, since in policy terms that is what it now is. It's a difficult balancing act - on the one hand, dealing with foreign - particularly non-EU - buyers that force up prices for all by shoveling huge amounts of money into the London property market and then leave the properties empty most of the year, but on the other hand not deterring decent buy-to-let landlords who are important for the supply of much needed homes for rental. Once key workers are priced out of accommodation you have a real problem; one could foresee this happening even pre-2008 crash, and now here we are...

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