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.
Hundreds of Blackpool families to be evicted in ‘mass dispersion’ of
vulnerable people
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Up to 400 homes face demolition under a £90m regeneration scheme that
promises only 230 replacement properties
Hundreds of families in one of England’s p...
17 hours ago
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