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Read The Report.pdf

210220165039-CPSDONTHIKESTAMPDUTY.pdf
Preview of Read the report
🔗 Source: cps.org.uk
📊 Size: 512 KB
📄 Pages: 19 pages
⬇️ Downloads: 36

Summary

The stamp duty holiday has increased housing transactions from 132,090 in Q2 2020 to 316,300 in Q4, the highest level since the financial crisis, and has helped stabilize the housebuilding sector. The holiday has cost the government only £300 million - £1 billion in lost revenue. However, with the holiday due to end, the government risks a slump in the housing market and housebuilding sector. To avoid this, the government should make the holiday permanent on primary homes, and consider lowering rates or abolishing Stamp Duty Land Tax altogether, which would boost new build construction by an estimated 20,000 homes per year.

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Description

The stamp duty holiday has increased housing transactions from 132,090 in Q2 2020 to 316,300 in Q4, the highest level since the financial crisis, and has...

Technical Information

  • File Format: PDF
  • File Size: 512 KB
  • Pages: 19
  • Language: EN
  • Total Downloads: 36
  • Last Updated: 1 week ago

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