A ‘Stamp Duty’ has been introduced in Britain on homes that sell for in excess of $2 million dollars. This is one of a number of changes the British government is initiating to address their difficult economic times. If you were to sell a property in Muskoka there would be a land transfer tax. This tax varies slightly depending on the value of the property but is never exceeds 2% of the sale price. In Britain, Osbourne has introduced a 7% tax on sales of homes in excess of $2,000,000.00. Read more…