The Mirror revealed today that the Tories' emergency Stamp Duty cut will hand a massive tax break to landlords and people buying second homes, it's been revealed. And because it includes all residential property sales, buy-to-let landlords and people buying second homes will also benefit from the tax cut. Buyers of second homes are hit with an additional Stamp Duty rate of 3% on the entire value of the property. This will not change under the temporary rate - but the main element of Stamp Duty will, across the board. Please urge the Chancellor reverse his decision to give a tax break to second homeowners.

Source: Daily Mirror July 09, 2020 21:22 UTC