Stamp Duty Land Tax should be ‘RADICALLY cut’ on £500k homes, says MP 'Get market moving'

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“These reforms will get the whole housing market moving' - Stamp Duty Land Tax should be ‘RADICALLY cut’ on £500k homes, says MP StampDuty

Stamp Duty Land Tax should be abolished on all but the most expensive tenth of homes, a new report argues. The suggestion was made in the paper ‘Reforming Stamp Duty: New ideas to promote home ownership’ by Chris Philp MP, former PPS to the Treasury and Guy Miscampbell, Senior Research Fellow at Onward, published by Onward today. In the report, Mr Philp and Mr Miscampbell set out proposals to take homes worth £500,000 or less out of Stamp Duty Land Tax altogether.

 

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Source: The Guardian - 🏆 84. / 53 Read more »