My parents bought their house in the 80’s in north London for £125k that home is now worth nearly £2 million.. they live on a pension.. property rich cash poor !!! If Burnham brings in the 0.48% tax that would make them liable to a council tax bill of £9600 a year
Anyone else see the problem here ?
We paid £43,000 of Stamp Duty when we bought our house. I presume this would be refunded with interest otherwise we’re paying Stamp Duty again on a property we’ve already bought.