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Repeal stamp duty on house purchases

Comment 2nd July 2010

What does the government give me for  my stamp duty? Most of us move residences out of necessity, either because our families have outgrown our current living conditions or because we need to relocate for work purposes (as suggested by the government!). Yet to perform this necessary action the government stings me, and seeing that it's hard to find a residence below £250k in many parts of the country, one has to find at least £7.5k to simply hand over to the chancellor. The lost revenue can be recovered more fairly, and uniformly, either through VAT and/or income tax.

Why does this matter?

What does the government give me for  my stamp duty? Most of us move residences out of necessity, either because our families have outgrown our current living conditions or because we need to relocate for work purposes (as suggested by the government!). Yet to perform this necessary action the government stings me, and seeing that it's hard to find a residence below £250k in many parts of the country, one has to find at least £7.5k to simply hand over to the chancellor. The lost revenue can be recovered more fairly, and uniformly, either through VAT and/or income tax.

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