The Tax Payers Alliance (TPA) is urging the government to abolish the ‘unfair’ stamp duty, as it is preventing people buying their own home.
In a report, the group state that the three per cent stamp duty that additional homes surcharge will help prospective buyers, but is unfair to tenants in rented accommodation.
Their report, ‘Taxing tenants: how taxes on landlords end up hitting tenants’, also argues that the restriction of finance cost relief for individual landlords will also advantage prospective buyers at the expense of tenants.
As part of their recommendations, TPA believes that the government should: cancel the additional homes stamp duty surcharge and restrictions on finance relief; halve all stamp duty rates immediately with a view to abolishing it entirely; and reform planning restrictions to declassify some green belt land and allow taller, denser construction in urban areas.
Jonathan Isaby, chief executive of TPA said: “For decades politicians have failed to tackle the root causes of the housing crisis: a chronic lack of supply. What's more, stamp duty is still punitively high and gimmicky tweaks to the tax system will ultimately end up penalising tenants and increasing rents.’
“The new Chancellor should now seize the opportunity to drastically simplify and reduce property taxes as well as liberalise planning restrictions, which prevent huge swathes of land from being built on for no good reason at all.”
Awaab's Law has come into effect today in a bid to ensure safer housing for tenants.
The government has announced new emergency measures to tackle the current housebuilding crisis in London and unlock tens of thousands of homes.
The Chancellor has appointed growth and productivity expert Dr Anna Valero as an Industrial Strategy advisor.
The Chancellor has announced a £500 million investment package to deliver growth in the Oxford to Cambridge Corridor and cement its status as
New data from Ordnance Survey (OS) will be used to support safe walking across Great Britain.
Grantex is the UK’s leading supplier of specialist aggregates and producer of Premium Dried Sports Sand for High-Performance Synthetic Pitches.
Creating and maintaining an outstanding synthetic pitch starts with the right foundation. Grantex premium dried silica sand is engineered to deliver exceptional performance, durability and safety across a range of synthetic sports surfaces.
Join us for the landmark 10th Anniversary of the London Build Expo, the UK’s largest and most influential construction and design show.
Retail Supply Chain & Logistics Expo returns to Excel London across 12-13 November, once again bringing together the world of logistics, supply chain, eCommerce and retail innovation for two dynamic days of opportunity.
Every sport, from grassroots football to world-class tournaments, depends on one constant: high-quality playing surfaces and well-maintained green spaces.
Bauder marked a major milestone in its UK expansion with the official handover of a brand
At Words of World, we specialise in professional translation and interpreting, d
The British Institute of Cleaning Science (BICSc) and the Cleaning & Support Services Association (CSSA) have successfully completed a groundbreaking project aimed at exploring the future of cleaning. This collaboration marks a significant milestone in the cleaning industry, reflecting a shared commitment to embracing innovation with confidence.
The Crown Commercial Service’s (CCS) new framework on Language Services (RM6302), dealing with translation, transcription and interpreting, is live, running from 7th May 2025 to 6th May 2028.
