Ian Scott International


Cut stamp duty in half, axe buy-to-let hike, and relax rules so developers can build ‘taller and denser’, campaign group urges

– Stamp duty rates should be cut by 50% now and later abolished, group say

– April’s 3% stamp duty hike will hurt tenants facing rent rises, group claim

– Declassify green belt land and build ‘taller, denser’ homes, report suggests 

Stamp duty on homes should be slashed in half and eventually abolished, a campaign group is urging.

Blasting stamp duty as a ‘badly-designed tax which gums up property markets’, The Taxpayers’ Alliance suggested that it should gradually be phased out.

It added that the extra three per cent stamp duty surcharge for buy-to-let and additional homes in particular should be abolished, warning that it will drive up rents for tenants as investors pass on costs.

Declassifying some green belt land, while allowing ‘taller, denser construction’ in urban areas will also be necessary to resolve Britain’s housing shortage, a report by the campaign group claims.

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