Economist adds to growing calls to scrap stamp duty
Original Article Summary
An economist has added to the growing consensus that stamp duty is a regressive tax that should be abolished. Paul Johnson, the former head of the Institute for Fiscal Studies, called it “the worst tax we have”, adding “If I were Chancellor for the day, I would abolish it”. Instead, he said there is a “strong […] The post Economist adds to growing calls to scrap stamp duty appeared first on PropertyWire.
PropMatch Curated Analysis
Former IFS head Paul Johnson advocates abolishing stamp duty and equalising CGT with income tax rates, while warning against further tax increases on landlords, calling for long-term tax policy certainty.
Investor Relevance
Major potential changes to acquisition costs (stamp duty) and exit taxation (CGT) would significantly impact investment returns, cash flow planning, and portfolio strategies across all residential property types.
Original Source:
PropertyWireStay Updated
Subscribe to our weekly briefings for curated property news and insights