Thoughts on next year's stamp duty rise?
Announced in the press last night that the nil rate of stamp duty is almost certainly reverting to £125k at the end of March next year, essentially adding up to £2500 (more than the average monthly salary in this country) onto your tax bill when you buy a property valued above that amount.
Stamp duty is a ludicrous tax as it is, but surely this is just a massive kick in the face for ordinary people trying to buy property priced below the UK average (currently sat ~£280k).
Is there any logic in this or, as usual, are those in government just smoking crack again?