Tag: Stamp Duty - Tax Policy Associates

Posts tagged "Stamp Duty"

Sep 5, 2025 Analysis

Why Angela Rayner is likely to pay £8,000 in stamp duty penalties

We now have enough information to be able to answer the question of whether Angela Rayner will be subject to HMRC penalties, and how large those penalties will be. For the reasons below, in my view Ms Rayner will very likely receive penalties for a “careless” error of around 20%. The background On the basis […]

Oct 15, 2024 Policy

How to reform stamp duty on shares. Abolish it.

Stamp duty was one of the triggers for the American Revolution. Somehow, 250 years later, we still have it. That makes no sense – it raises no money, and creates cost and uncertainty for business. The Government should abolish it

Jun 9, 2024 Analysis

Stamp duty is a terrible tax. We should abolish it – but there’s a price.

Stamp duty is a terrible tax. The Tories want to abolish it for most first time buyers. But the evidence shows that cutting stamp duty increases house prices, and that previous attempts to provide relief for first time buyers were ineffective. Council tax is also terrible tax – with Buckingham Palace paying less council tax […]

a beach holiday

Nov 22, 2023 Analysis

Why stamp duty “holidays” are counter-productive

There’s speculation today we might see a stamp duty/SDLT “holiday”.Apologies to all tax professionals, but I’m going to call SDLT “stamp duty” throughout this article. What effect have previous “holidays” had? Here’s a chart showing changes in the average UK house price. Guess what triggered the heart attack in the middle? The big spike in […]

The Boston Tea Party

Mar 13, 2023 Policy

The stupidest tax: complicated, costs businesses £m, and raises zero money. Let’s abolish stamp duty.

Stamp duty was one of the triggers for the American Revolution. Somehow, 250 years later, we still have it. That makes no sense – it raises no money, and creates cost and uncertainty for business. The Government should abolish it

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Sep 30, 2022 Analysis

When tax cuts cost you money – the effect of previous stamp duty reductions

This chart shows house prices having a heart attack. The big spike in June 2021 just happens to coincide with the last month of the £500k stamp duty “holiday”. Buy a £500k property in June 2021: £0 stamp duty. Buy in July 2021: £12,500. So a nice 2.5% saving. Shame about the 5% price hike […]