Fantasy Stamp Duty
The tax burden on buyers has grown out of all proportion, believes James Greenwood of Stacks Property Search, who proposes some changes


The Government has been cashing in on a buoyant property market since the last recession, and the tax burden on buyers has grown out of all proportion becoming onerous and hampering mobility. Now is the time for a radical overhaul, believes James Greenwood of Stacks.
A reduction in Stamp Duty across the board A £250,000 threshold A supertax of 5% on property purchases over £5m Stamp Duty to be split between buyer and seller
'Stamp Duty changes are not enough,' says Mr Greenwood. 'Recent changes to Stamp Duty, increasing the threshold from £150,000 to £175,00, are too little, too late.'
The Stacks Fantasy Stamp Duty league would be as follows:
Under £250,000 Zero £250,000 - £500,000 1.5% £500,000 - £1m 2% £1m - £5m 3% £5m + 5%
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