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Stamp duty hike hint

Stamp duty hike hint
George Osborne could introduce a new stamp duty hike for expensive properties in next month's Autumn Statement.

Downing Street today ruled out new council tax bands or a mansion tax being part of the package set to be unveiled on 5 December.

But Number 10 is not ruling out another stamp duty rise.

A Number 10 spokeswoman said today: “The Government has made it clear that people shouldn’t be hit with a mansion tax... We've got no plans to introduce new council tax bands."

But when asked about a stamp duty hike for more expensive properties, the spokeswoman would not rule it out. She said: “These are all matters for the Chancellor.”

Mr Osborne and Nick Clegg have held talks about how to tax properties worth more than £1m, despite David Cameron's opposition to the idea, according to the Daily Mail. .

The Chancellor is reportedly not opposed to the plan in principle, viewing it as a way to justify another £10bn of cuts in welfare.

Meanwhile Boris Johnson called on the Chancellor to consider reducing stamp duty on newly-built properties to encourage housebuilding.

“I think it would be a good idea if the Chancellor thought about cutting stamp duty on new-build homes, and I hope he thinks about that in the Autumn Statement,” he told the CBI conference.

Green Box: Stamp duty hike hintClick to open

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