Today?s Conveyancer:
Stamp duty under new scrutiny
14 August 2017
Academics have claimed that the housing market is being adversely affected by stamp duty. According to research from the London School of Economics and the VATT Institute for Economic Research, the duty is deterring households from moving, especially where the distance between properties is small.
Related publications
‘Transfer Taxes and Household Mobility: Distortion on the Housing or Labor Market?’, Christian A.L. Hilber and Teemu Lyytikäinen, SERC Discussion Paper No.216, June 2017
http://www.spatialeconomics.ac.uk/textonly/SERC/publications/download/sercdp0216.pdf