Agent in call for stamp duty re­form

Yorkshire Post - Property - - PROPERTY -

STAMP duty is out­dated and coun­ter­pro­duc­tive, ac­cord­ing to South York­shire es­tate agents Ea­ton, Lock­wood and Rid­dle.

The com­pany has called for a com­plete over­haul of the prop­erty tax, which has not been re­viewed and up­dated since 2003.

It says the rates are con­fus­ing and are slow­ing the rate of re­cov­ery across the re­gion.

“Stamp Duty is a very real de­ter­rent for many try­ing to get on the prop­erty lad­der, up­grade or down­size,” says ELR man­ag­ing di­rec­tor Chris Thom­son.

“It af­fects just about ev­ery­one try­ing to buy or sell a house. A move to re­duce the num­ber of properties sub­ject to the tax, as well as a re­view of how much stamp duty is paid would have a pos­i­tive im­pact.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.