Stamp Duty  

Boris Johnson 'open to stamp duty shake up'

"This leaves families at all stages in life occupying property that no longer meets their needs and slows the economic growth associated with a functioning housing market."

She added: "What really annoys consumers is that at a time when they have other large bills to pay to lawyers, estate agents and removals firms they are heavily taxed and get nothing in return for this single biggest cost of house purchase."

A spokesperson from the AAT said that although sellers could add the cost onto the asking price of the property, the buyer would still benefit from a lower upfront cost. 

On top of this, there may be some downward price pressure on sellers as the higher the asking price, the greater the amount of stamp duty they would have to pay.

imogen.tew@ft.com

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