Peter Rollings responding to the NAEA/ARLA campaign to reform stamp duty
Wed 14 Oct 2009
"Stamp duty is an injust tax on home buyers that has risen alarmingly since Labour came to power. The tax rises from 1% to 3% the moment you pay 1 over 250,000, which is crazy and means theres often a 'black hole' for property prices at the tax crossover points because nobody in their right mind is going to pay 255-260k or 500-525k. It is a pure property tax and the government has nothing to do to generate it. Rumours persist of further stamp duty increases, but the government would be wise to avoid killing the goose that lays the golden egg."
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