More than 35% of people looking to buy a property want to see the price brackets for stamp duty altered, according to a recent survey, while 30% want the tax dropped completely.

More than 41,000 people were asked to choose from a list of housing policies they’d like to see put in place before May 2015. Stamp duty changes topped the poll, with one in five people surveyed saying that first-time buyers should pay no stamp duty at all.

And 31% of home-movers were keen to see Labour’s mansion tax plan for properties worth more than £2m introduced. It is possible they believe it would push prices down and allow them to upgrade, although we’ve already written about what we think of this.

This subject has received a lot of media attention recently, after singer and presenter Mylene Klass challenged Labour leader Ed Miliband about this idea.

Research by Lloyds Bank showed that home owners pay about £12,000 in stamp duty over the course of their lives when they’re climbing the housing ladder.

For more information click on the link below:

Wimbledon Guardian

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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