Sajid Javid Denies Floating Idea Of Stamp Duty For Sellers

Sajid Javid has quashed speculation that he could shift stamp duty on to sellers rather than buyers, just two days after suggesting he could look at the idea. The chancellor had appeared to float the idea in an interview with the Times. When asked about changing who pays stamp duty to save first-time buyers paying any tax, he said: “I’m looking at various options. I want to see simpler taxes.” The idea prompted some warnings that it could hit older people who are planning to downsize to smaller homes, which could be problematic with the Conservative party’s core voters going into an election. Read more on the Guardian website.

https://www.theguardian.com/politics/2019/aug/18/sajid-javid-denies-stamp-duty-for-sellers