Labour considers overhaul of stamp duty regime
The Labour party is considering plans to overhaul the current stamp duty system by phasing out the charge for purchasers and increasing capital gains tax on second property sales.
The proposals are set out in an independent review of property tax and land usage, commissioned by Labour. The report, entitled Land for Money, sets out a number of radical proposals to shift the tax burden and address the housing crisis, ‘soaring inequality and exclusion; [and] the massive cost of renting or buying a decent home’.
Read more at the Accountancy Daily.