Stamp duty under £500,000 to be axed?

Adrian Holliday

The stamp duty on a £500,000 property is worth £15,000 to the Treasury. A massive financial headache when you buy your new home.

But some Tory MPs are calling for all stamp duty to be scrapped on properties worth less than £500,000 in an effort to buoy up the finances of an increasingly stretched middle class. How likely is it come off? %VIRTUAL-SkimlinksPromo%