This article makes a strong case for reforming stamp duty.
I've pulled some facts below:
1. London accounts for nearly half stamp duty
2. Stamp duty has been around since 1694. Who knew?
3. Nearly three- quarters of UK transactions fall within its reach. In 1993 it was 42%
Why have politicians failed to do the obvious?
Each year stamp duty contributes £17bn to our coffers.
There’s something that sets your teeth on edge about stamp duty. It may have been around since 1694, but over the past 25 years, during which house prices have quadrupled, more and more of us have been sucked in.