Property industry welcomes Conservative promise to abolish stamp duty - Property Industry Eye

Contributing sentiments towards policy:

62% : It would inevitably have positive repercussions for the wider economy and increase social mobility.
62% : It's unlikely the Conservatives will have the opportunity to implement this policy any time soon, but my hope is that after three years of property market stagnation, Labour takes note and recognises the vast economic benefits scrapping Stamp Duty would bring.
57% : "The impact on investors and second homeowners will be much less, depending on whether they also benefit from a reduction in the underlying rate of tax.
50% : "It is difficult to model what it would do to transactions, but it should free up transactions, especially among the groups that bear the biggest exposure to taxes.
46% : "While I agree there should be some sort of reform to Stamp Duty, this isn't it.
45% : Of that sum £5.5bn comes from people's primary homes, with £2.6bn of the remaining £4.9bn coming from the underlying rate of tax on investment second home purchases.
41% : We believe a more active housing market would deliver greater growth in the property sector, while also delivering higher revenue for the national-purse through additional income tax and VAT.

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