Stamp duty has had its day, senior MP tells agents
Original Article Summary
Stamp duty is a "terrible tax", says Sir Mel Stride
Investor Analysis
Shadow Chancellor Sir Mel Stride reiterated the Conservative case for abolishing stamp duty on primary residences, citing OBR projections that SDLT will nearly double to £19bn by the decade's end and modelling suggesting abolition could unlock 200,000 additional homes over a parliament.
Investor Relevance
Stamp duty abolition would directly reduce transaction friction and acquisition costs for residential investors, and a near-doubling of the SDLT burden through fiscal drag is a concrete cost pressure investors should factor into hold-versus-sell and acquisition decisions now — regardless of political outcome.
Original Source:
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