Aren't these new rules simply going to drop house prices, meaning less buyers in the market, causing the economy to go into deflation?
And Landlords who do still buy new properties will just pass on these costs to tenants through higher rents.
All in all, a poorly thought out proposal in my view.
From April 2016, those in England and Wales will have to pay a 3% surcharge on each stamp duty band. George Osborne said the new surcharge would raise £1bn extra for the Treasury by 2021.