RE: Stamp Duty Abolition9 Oct 2025 14:04
It is one supply side change that will make the housing market more efficient and do other things like add mobility to the labour market - you need a really good payrise to justify moving if you have to find a tax for the 'privilege' of moving. A flat fee to register a house with the land registry of £500 means people can sell and move to where there is work and not be trapped in locations and having to commute long distances or live away for the working week ( tying up rental property) and also allow downsizing to free up property to churn. More moving means more redcoration/refurbishment and thus more employment for smaller trades, painters, decorators, plasterers, sparks, builders, gardeners and so on....