Buyers hate stamp duty – so why hasn’t it been scrapped already?

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The tax stops many people from upsizing, downsizing, or moving for work

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For years, academic economists have argued that council tax and stamp duty are deeply flawed. Politicians from all corners, as well as various thinktanks, also seem to agree. Back in 1976, the UK even had a royal commission recommending radical reform, but it was never implemented.

Buyers hate stamp duty – so why hasn’t it been scrapped already?

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