The proposition has been lod-ged by Deputy Alan Breckon and is due to be debated during the Budget on 4 December.
Deputy Breckon wants to increase the current stamp duty to raise £3 million of extra tax.
He is targeting wealthy non-residents and says that Islanders will not notice the difference.
br>But Tony Fulton, a probate specialist at legal firm Carey Olsen, warns that the proposed increase could soon lead to a significant outflow of bank accounts, investments, and corporate structures and trusts held in the Island by British residents and expatriates.
