The
Conservative Party leader Kemi Badenoch surprised her part conference by
announcing a bold pledge: to abolish
Stamp Duty on residential property purchases.
For decades, Stamp Duty has been one of the biggest frustrations
for buyers in the UK housing market. Whether you’re a first-time buyer scraping
together a deposit, or a property investor looking to expand, Stamp Duty has
always added thousands to the cost of moving.
Watch video https://youtu.be/OHdOUeZ9zRg
The
Conservatives argue that scrapping it will:
Make housing more affordable for families
Encourage mobility in the market
Stimulate property transactions and economic growth
But
critics warn that it could push up house
prices, as buyers with extra cash bid higher, and may not solve
the deeper issues of affordability. For landlords and second-home buyers, it
could be a major tax saving — but will it mean more competition for first-time
buyers?
From a UK perspective, this
promise could reshape the housing market. If delivered, it would mark one of
the most significant changes to property taxation in decades.
The
policy does not include the Stamp Duty Surcharge on second and buy-to-let
properties, introduced by the then
Conservative Chancellor George Osbourne, who also brought in the Section 24 ‘landlord tax’.
Whilst
the Conservatives are lagging in the polls, and would still have to win the
next general election in three or four years’ time, the shock announcement
could prompt Labour to adopt the plan to revive the flagging housing market as
well as reversing Sir Kier Starmer’s declining popularity.
In today’s Money
Tips Podcast, I’ll break down:
·
Who benefits most from this pledge
·
What it could mean for homeowners, landlords, and investors
·
And whether this is a genuine fix, or just another election
headline
Watch now to find out how this
promise could impact your finances.
See also:
Labour’s Coming for
Your House? Rachel Reeves’ Shocking Tax Plan!
Is this the right
time to buy?
Watch full video: https://youtu.be/72J6Bo0sG2Q
See also:
Property or Stocks – Which Is The Best Investment For You?
“Should I invest in property or
the stock market?”
Watch video - https://youtu.be/M6kWFPs8HPw
Learn more about
property investing in this free webinar:
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