The government should slash stamp duty to help boost
housebuilding and encourage people to buy their own homes, a new report has
stated. Stamp duty is the second most unpopular UK levy behind inheritance tax,
and a gradual rise in rates has meant the average buyer in England pays £2,300
when they buy a property. Think tank the Centre for Policy Studies (CPS)
branded stamp duty a “tax on mobility and aspiration” and urged the government
to raise the threshold from £125,000 to £500,000. The report proposed that a
four per cent levy be charged on properties between £500,000 and £1m, and five
per cent on anything higher. Read more on the CITY AM website.
Tiny co-living spaces are popping up across New York. Local communities see
them as ‘harbingers of gentrification’
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Such properties are a housing alternative for younger people, but longterm
residents worry about being priced out of their homes and losing community
In ...
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