Restructuring stamp duty should provide a boost to housing, interesting timing don’t you think?
So the Chancellor’s big idea was a reform of the stamp duty land tax. Excellent. Certainly few people with an appreciation of either taxation systems or the housing market think SDLT is a good tax. The Mirrlees Review: A proposal for systematic tax reform, a highly-regarded document in tax circles, had this to say for it: “There is no sound case for maintaining stamp duty and we believe that it should be abolished.” It recommended it be replaced by a…