Stamp Duty Is Making The Housing Crisis Worse

Stamp duty is making the housing crisis worse because it is deterring older homeowners from downsizing, it has been claimed. A report by the London School of Economics and the VATT Institute for Economic Research claimed that the rate of home moving would be 27 per cent higher if the levy was completely abolished. It identified both younger and older homeowners moving in different directions on the housing ladder as the victims of high stamp duty costs - leaving many to stay put in unsuitable homes that are either too small for a growing family, or too big for pensioners. Read more on the Daily Mail website.