TaxPayers’ Alliance calculates stamp duty cut could unlock 216,000 house moves

by Aaron Strutt

Jul 05 2020

Analysis from the TaxPayers’ Alliance highlights the chancellor’s stamp duty changes could unlock thousands of house moves.

Modelling based on last year’s figures shows that 216,000 more transactions would have taken place if the £500,000 threshold had been introduced in 2019, increasing transactions by 27 per cent. 

John O’Connell, chief executive of the TaxPayers' Alliance, said: "Stamp duty is a terrible tax and this measure will help get Britain moving again. The scale of these benefits show that the chancellor would be crazy to stop there. Raising the threshold further, or preferably just abolishing the tax completely, would build in huge benefits for homebuyers, productivity and the economy as a whole.” 

Call Trinity Financial on 020 7016 0790 to secure a mortgage and avoid the stamp duty hike