Speculation is rife ahead of the Autumn Budget on 26th November with some expecting an overhaul of stamp duty land tax.
This uncertainty around what chancellor Rachel Reeves could announce is causing developers to pause, according to Richard.
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“Uncertainty is the real issue, as it disrupts planning and stalls transactions,” said Richard.
“We’ve seen how targeted interventions, like the enhanced Stamp Duty Land Tax on second homes, can have a significant effect.
“Making homes more affordable for local buyers is clearly positive, but there’s a strong argument for tapering such changes to avoid unintended consequences.”
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