New chancellor Sajid Javid considers change to stamp duty

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'I’m a low-tax guy,' says former banker. 'I want to see simpler taxes'

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So if sellers bear the stamp duty responsibility, many of them will say 'Oh well, we won't move then' - causing a serious constriction in the supply of property - which is already bad enough.

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Sajid Javid refuses to rule out stamp duty reversal so seller pays‘I’m a low-tax guy’ says chancellor as he reveals he is considering policy changes Will he make shops pay the VAT when they sell something, or will HMRC pay me tax when I earn income? This actually seems a reasonably sensible policy. The selling party will have been subject to all sorts of tax breaks and favourable conditions in the past, the buyer finds it much harder to get on the ladder. To simplify things, why should the boomer get another payout? Not sure about this, I paid stamp duty when I bought my house 15 years ago and when I go into a retirement home I’ll have to pay it again while the purchaser doesn’t? Or am I missing something?
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