@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)

Hannah Fry
Hannah Fry
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Region: GB
Thursday 11 June 2026 16:24:02 GMT
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unknown_user_24601
Unknown_User_24601 :
Is that annual tax based on the size of our house just council tax that we already pay extortionate amounts for, for councils that are allowed to go bankrupt with no consequences or anybody being accountable?!
2026-08-10 15:02:23
1
zoe.vs.world
Zoe :
Has anyone ever tried to get this Stamp tax taken away ?
2026-08-10 08:37:06
0
juanderman_uel
Manu Maniek 🏴󠁧󠁢󠁳󠁣󠁴󠁿 :
UK gov loves fabricating figures, assumptions just to extort more money from people
2026-08-09 23:07:04
0
ewantew
Ewan Tew :
stamp duty and inheritance tax are both taxes that are presented as a way to tax the rich but really just hurt the lower classes
2026-08-10 08:49:06
3
footballguy73_
FootballGuy73_ :
Spot on - stamp duty is outdated and needs to be scrapped
2026-08-09 09:07:20
1
bigboucingbilly
bigboucingbilly :
Such a no brainer 😭
2026-08-09 08:55:23
2
dingdongdarts3
DingDongDarts :
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
1564
danielessom
Daniel Essom :
Hannah Fry for PM
2026-06-11 19:31:21
1221
beegeemo
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
754
user84364989
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
356
lewiswaithe8
Lewis Waithe :
Shouldn’t pay any stamp duty on a primary residence and increase it on additional properties
2026-06-11 22:08:44
530
themrodol
Homemark :
Stamp Duty is madness. Thanks for calling it out.
2026-06-12 16:38:15
364
henryfudgeofficial
Henry Fudge :
Can confirm everyone thinks stamp duty is daft, additionally the funds and investors don’t care it’s an entry ticket to a solid return asset, so it just stops legitimate moves and not much else
2026-06-20 01:00:14
191
user010963150199181095
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
410
mephisto362
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
89
carefreewilly
WILLIAM :
The way the UK is set up is bizarre.
2026-06-11 21:35:34
54
leonrousseau85
Leon Rousseau :
It should only apply to the purchases of 2nd homes
2026-06-28 05:44:41
12
masternaylor
FluffBall :
stamp duty should be relative to the number of properties you own. with no stamp duty on your first property
2026-06-13 10:58:43
6
livinsc24
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
11
evieeee2424
Evieeee :
I’m here for higher income taxes for wealthier people, I’m here for wealth tax on extreme assets, I’m here for inheritance tax, but stamp duty? A tax that takes place seemingly for no reason during a private purchase?? Don’t get it.
2026-06-12 08:02:09
43
iamunotheonetrueuno
Iamuno :
Much like inheritance tax, the allowances/bands have not kept up with house price inflation.
2026-06-11 17:15:48
223
_dal_inc_
Dal :
much worse is the process of buying a property in the UK. The stamp duty is inconsequential compared to the 3 month wait, painful dealing with solicitors back and forward, and the huge stress and uncertainty that anyone can pull out at any time.
2026-06-17 08:47:34
5
alllthenamesaretaken
Rich 🇬🇧🇨🇭🇪🇺🌈 :
Also council tax. Regressive and shit.
2026-06-11 17:10:29
36
martin_es5102
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
123
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