Waterfield: 'killer' surcharge not helping first-time buyers

摘要

The 3% stamp duty surcharge on second homes is "a killer" that is not doing what it's supposed to do, according to Philip Waterfield of Strettons. Speaking to Property Week, the firm's head of auctions (pictured) said that the tax, which was introduced by the government in April, was not helping first-time buyers access properties as the government intended. "This 3% surcharge is a killer for a lot of people," he said.