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.
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