000			01050cab a2200217 4500
001			WB3510-16
008			090401t1999 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u91936
041			_aeng
245			_aStamp duty rise blow to commercial property
260			_c1999
350			_a0
490			_aRICS Press Release _v(179) 9 March 1999 (1)
520			_aThe RICS considers that the 0.5% increase in stamp duty in the budget is a major blow to commercial property, following on increases in the last two budgets. The rise will raise only £200-300m for the Treasury, but will damage the property market, wiping £12.5bn from the capital value of commercial property, at least £5bn from government property holdings, and making property a less attractive investment than shares. It will also be a disincentive to move house, particularly in the south east.
650			_aBUDGET 1999
650			_aRICS
650			_aSTAMP DUTY
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
942			_n0
948			_c10/03/1999
999			_c58298 _d58298