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Robert Green
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I own a property that I let out but as a single person not yet been able to afford to purchase a property to live in (currently living with parents) but hoped to in the next year or two, but have now discovered that the proposed changes to the stamp duty rules would see me paying an additional 3% stamp duty while other landlords with more money and already owning a main residence are exempted. How can it be fair for a wealthy landlord with 5 properties be allowed to purchase a main residence and not pay the 3% surcharge (providing he sells his old residence within 18 months) while a first time buyer struggling to get on the residential property ladder is not exempt. Surely in the interest of fairness it is only fair that this discrepancy be eliminated. As a landlord I am already prevented from using many of the governments schemes to help first time buyers such as the Help to Buy ISA as I a property but that doesn't help when trying to buy a home to live in.
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24 January 2016 19:41 PM
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From: Robert Green
24 January 2016 19:41 PM