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<p>The Government introduced the higher rates of stamp duty on additional properties
to support home ownership and first-time buyers. It is right that people should be
free to purchase a second home or invest in a buy-to-let property, but the Government
is aware that this can impact on other people’s ability to get on to the property
ladder.</p><p> </p><p>The latest estimate for this measure’s receipts for 2016-17
is £1.6 billion, compared to an initial forecast of £0.7 billion.</p><p> </p>
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