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Why is Stamp Duty charged in bands, rather than graduated according to the value of the property?

April 26, 2017bands charged duty graduated Property stamp value

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Why is Stamp Duty charged in bands, rather than graduated according to the value of the property?

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Stamp Duty is a source of huge revenue for the Exchequer and charging in bands makes more money. Many believe there are fairer ways of levying the duty and this is a tax which is constantly under review by the Government and opposition parties.