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\u2019s ability to get on to the property ladder.<\/p>
<\/p>
The latest estimate for this measure\u2019s receipts for 2016-17 is £1.6 billion, compared to an initial forecast of £0.7 billion.<\/p>
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