Rat and Mouse
Tue
19
Jun
Times: How safe are nondoms?

Here's an interesting piece, in which Anne Ashworth urges Gordon Brown to think again about the nondomicile tax break (in which an individual buys homes via an offshore company... replacing a 4% Stamp Duty rate with 0.5%). She points to a "ripple effect", in which the property purchases of the super-rich have caused a chain of displacement... eventually kicking the bankers out to the suburbs and the ftbs out of the market altogether.

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Comments

We are not far off from that situation already regarding first time buyers. Great blog by the way.

Posted by Murano at June 22, 2007 11:27 PM


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