Reports suggest that stamp duty could be replaced by a new property tax on homes valued over £500,000. The Treasury is reportedly considering this shift in perspective towards buying and selling properties.

Have your say:Would you agree with new property tax on homes worth more than £500k? Leave a comment here to join in the conversation.

Under the proposed system, homeowners would pay the tax when they sell their property. The amount due would be determined by the value of the property, with the rate set by the Government.

While some may view this as a more accurate reflection of the current housing market, others might see it as another dent in their hard-earned equity. We're interested in your thoughts on this - participate in our poll........

© Coventry Telegraph