The Property Chronicle:
Stamp duty, mobility and the housing crisis
28 November 2017
Article by Christian Hilber and Teemu Lyytikainen
How replacing stamp duty with better-designed local taxes could alleviate the crisis of housing availability. The SDLT (commonly labelled ‘stamp duty’) has long been criticised by economists as being inefficient. The central case against it is that it hampers household mobility.
Related publications
‘Transfer Taxes and Household Mobility: Distortion on the Housing or Labor Market?’, Christian Hilber and Teemu Lyytikäinen, SERC/Urban and Spatial Programme Discussion Paper No.216, June 2017
http://www.spatialeconomics.ac.uk/textonly/SERC/publications/download/sercdp0216.pdf
‘Transfer Taxes and Household Mobility: Distortion on the Housing or Labor Market?’, Christian Hilber and Teemu Lyytikäinen, Journal of Urban Economics 101, September 2017
https://www.sciencedirect.com/science/article/pii/S0094119017300542