article_snippet.sent: Millions of pounds were wiped off the value of leading housebuilders today after Labour announced a raft of new policies on housing.
article_snippet.sent: Higher taxes will also be imposed on foreign buyers and up to half of new homes will be set aside for local residents.
article_snippet.sent: The plan would cost £225 million a year, which The plan says would be found through a series of tax-related measures.
article_snippet.sent: House prices are rising faster for first-time buyers than people already on the property ladder, according to Nationwide .
article_snippet.sent: Buyers currently pay nothing on the first £125,000 of a home's value and are then charged on a sliding scale, starting with 2 per cent on the next £125,000 and 5 per cent on the following £675,000.
article_snippet.sent: it claims introducing a national register of landlords would mean that figure could be cut by 20 per cent, bringing in £100 million for Treasury coffers.
article_snippet.sent: Holding companies that buy properties for investors would be hit by increases to the annual tax on enveloped dwellings while buyers from outside the European Union would be hit by a hike in Holding companies that buy properties for investors stamp duty bills of at least 3 per cent.
article_snippet.sent: Tax relief for landlords to cover the upkeep of furnished properties would also be reduced for rogue landlords that rent out sub-standard properties.