ESRC news, events and publications:
Stamp duty impact on the housing market
1 February 2018
Researchers at the ESRC Centre for Economic Performance have explored the impact of stamp duty on different types of mobility, by comparing mobility rates of otherwise similar homeowners with self-assessed house values below and above the threshold of £250,000, which triggers a tax jump from 1% to 3% of house value. The researchers focused on a sharp jump in the tax liability because significant variation in this liability for very similar dwellings allowed them to identify ways that stamp duty affects housing mobility.
Related publications
'Stamp duty, mobility and the UK housing crisis', Christian Hilber and Teemu Lyytikäinen. Article in CentrePiece Volume 22, Issue 3, Autumn 2017
'Transfer taxes and household mobility: Distortion on the housing or labor market?', Christian Hilber and Teemu Lyytikäinen, SERC Discussion Paper No.216 , June 2017
http://www.spatialeconomics.ac.uk/textonly/SERC/publications/download/sercdp0216.pdf