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  • Tax

    Stamp duty changes

    Stamp duty is making the housing crisis worse because it is deterring older homeowners from downsizing, according to a new report.

    It comes amid a concerted campaign by some Conservatives to convince the Chancellor to reform the system in the Autumn budget, it has been reported.

    The document, from the London School of Economics and the VATT Institute for Economic Research, found the rate of home moving would be 27% higher if the levy was completely abolished.

    http://news.sky.com/story/stamp-duty-cau...s-10980601

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    If the tax changes are making more expensive properties less attractive and volumes fall then the prices will move down to reflect the change. No bad thing. I do not doubt that this is an effect but the claim of  27% increase in volumes is like so many of these claims seems highly speculative.

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