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Stamp duty holiday warning: Phil Spencer predicts ‘catastrophe’ when tax break ends

He explained: “In the scheme of things, particularly since most of them [buyers] are going to have some sort of professional advisor, the opportunity to lose £15,000 – which is the maximum that anyone could conceivably save – along the chain if there are three houses involved, all you’ve got to lose is that fifteen thousand pounds split between those three deals and everything marches on.”

Phil asked whether all three buyers would use £15,000 or whether it would be split between all three.

Mr Pryor argued that you can split the costs between all three transactions.

He added: “If you share it that’s equitable and in reality you can sell it to everybody.”

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