Stamp Duty Cuts Won't Solve Housing Crisis

Just one in 12 homeowners aged 65 or over would consider moving if stamp duty was cut or abolished. Reducing stamp duty tax for so-called last-time buyers has been suggested as a way to encourage older homeowners to downsize, freeing up valuable housing stock for younger families.  But research from equity release adviser Key suggests the impact of such a move would be limited. It found just 8 per cent of over-65s who own a home would be prompted to downsize if there were to be a change in the tax. Read more on the Money Observer website.

https://www.moneyobserver.com/news/stamp-duty-cuts-wont-solve-housing-crisis