Granny flats will be exempt from stamp duty after a
Government U-turn in a major victory for pensioner groups and elderly
campaigners. New plans to tax granny flats were dubbed as “morally wrong and
economically illiterate” and will force grandparents to move away from their
families and into care homes. Homeowners with self-contained accommodation
designed to house elderly relations face being classed as having a "second
property" under changes to stamp duty rules. The increase in stamp duty
was intended to hit buy-to-let investors and second home owners, but
accountants and estate agents say the small print will also embroil tens of
thousands of families looking after elderly relations. Read more on the Daily
Telegraph website.
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