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Stamp duty reform can kick-start property market

Stamp duty reform could bring another 130,000 homes on to the property market every year. Raising the threshold at which the tax – officially known as Stamp Duty Land Tax – is paid would also boost the UK economy by around £6 billion, according to online estate agent Purplebricks. Purplebricks Read more…

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Chancellor won’t switch stamp duty liability to property sellers

The liability for paying Stamp Duty Land Tax (SDLT) won’t be switched from buyers to sellers. Chancellor Sajid Javid has ruled out making those selling property pay the duty instead of buyers. Won’t support proposal A report in The Times had said Mr Javid was giving some thought to the Read more…

Abolish stamp duty on homes worth less than £500k says think-tank

Stamp Duty Land Tax should be abolished on all but the most expensive properties. That’s the radical proposal in a new report from the think-tank Onward.   Free up the property ladder The report – entitled Reforming Stamp Duty: New ideas to promote home ownership – was put together by Read more…