Offers of around £2million are being taken for a four-bedroom farmhouse near Tregony in South Cornwall, an area where prices have gone up 7.56per cent since 2009. It could also put off wealthy foreign buyers from moving to the UK, and older people who purchased their homes before their value sky-rocketed and who now have a low-income could be forced to sell up and move as they would be unable to pay a new tax.
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