Cut Stamp Duty For Elderly Downsizers

Top housing and pension bosses have written to the Chancellor calling for a new Help to Downsize scheme to boost a property market recovery and put pensioners in safer, more suitable homes. In a letter addressed to Rishi Sunak, leaders from across the housing and retirement industries have pleaded for stamp duty to be waived for older homeowners who move to smaller, more suitable homes, thereby freeing up large family homes to those in dire need of more space.  Without drastic action to slash the tax bills faced by would-be downsizers, they warn, pensioners will remain stuck in homes that no longer meet their needs. Read more on the This Is Money website.

https://www.thisismoney.co.uk/money/mortgageshome/article-8479463/Cut-stamp-duty-downsizers-property-bosses-urge.html