@fryrsquared: Stamp duty is back in the news again (along with the echoing demands to reform it) so I thought I would take the opportunity to explain just why it is so problematic. The thing is, it generates about £10 billion a year, so politicians are too scared to mess with it. But it is, itself, a MESS. Data comes from the Office for National Statistics release, Housing affordability in England and Wales: 2025 and Transfer taxes and household mobility by Hilber and Lyytikainen, (2017)
As a mortgage advisor I can 100% say for certain that stamp duty stops people moving homes. It's a mindless and regressive tax.
2026-06-12 23:04:23
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mitzukonoxignis :
Born in 1989 and still not able to buy a house.
2026-06-19 23:27:09
3
Daniel Essom :
Hannah Fry for PM
2026-06-11 19:31:21
694
Benj :
There should be 0 tax to BUY a fucking primary residence to live in. I don’t really care about any other taxes but paying tax to buy a house is crazy I don’t get it
2026-06-11 21:06:13
506
Rob S :
I think the biggest tax problem in this country is allowing billionaires and corporations to pay zero tax!!
2026-06-11 22:13:39
233
Lewis Waithe :
Shouldn’t pay any stamp duty on a primary residence and increase it on additional properties
2026-06-11 22:08:44
87
Mephisto :
That’s why stamp duty should be replaced by a land value tax. Stop taxing property, start taxing land which is just sitting there and sucking up value from the economy
2026-06-11 21:49:11
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Homemark :
Stamp Duty is madness. Thanks for calling it out.
2026-06-12 16:38:15
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M. :
Stamp duty needs to go back to £0 under £450k. Dishing out another £6,500 for tax for a £425k house in London is insane.
2026-06-11 21:15:41
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Vicky Brewster Editor :
But we do also pay tax based on the size of our house? It’s council tax, right? We don’t have a stupid alternative system, we have a stupid additional system
2026-06-15 07:22:41
8
Iamuno :
Much like inheritance tax, the allowances/bands have not kept up with house price inflation.
2026-06-11 17:15:48
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anthonyholloway619 :
We have tax for the current value of your house it’s called council tax. So we have both taxes already.
2026-06-11 22:29:24
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Frédéric Bisson :
We have it in Quebec. And it’s called the Welcome tax
2026-06-21 01:10:20
0
Aleksander :
Hannah, dont go there, dont go politics pleeeeease!
2026-06-12 06:59:48
1
WILLIAM :
The way the UK is set up is bizarre.
2026-06-11 21:35:34
30
Veyoncé :
I thought this was gonna be about the tv tax
2026-06-19 06:45:11
0
JOHANNE MC CORMACK :
Stamp duty and inheritance tax.
2026-06-19 16:52:00
0
Rich 🇬🇧🇨🇭🇪🇺🌈 :
Also council tax. Regressive and shit.
2026-06-11 17:10:29
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RobDibbler :
But we already have an annual tax based on house size/value … councillor tax .
2026-06-11 22:13:25
5
Ess Elle :
But why should we have to pay any money to the gvt just for owning your home? We pay enough in other taxes.
2026-06-12 21:48:21
7
MartinE5102 :
What a con. What right do the government have to take money from me in order to purchase a house, with my own money, which itself has already been taxed!!
2026-06-11 17:15:05
100
J :
But also - first time buyer relief is so low, comparable to the price of houses nowadays. So the ability as a buyer to even take that first step is so much harder because I have to pay the government for the pleasure of BUYING A PROPERTY
2026-06-11 20:23:04
15
Woody Fairway :
Tax is a good thing if you actually spend it on high quality education, not on low quality education and loads of bureaucracy. The question not is whether tax is necessary to pay for education but whether the money raised by taxes actually ends up there and leads to high quality education.
2026-06-12 06:10:58
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2TwickTwok3 :
But why should I pay tax on something I have already paid tax on multiple times
2026-06-11 17:19:39
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