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Article: Chancellor is urged to suspend stamp duty
- Article from:
- Western Morning News, The Plymouth (UK)
- Article date:
- February 18, 2008
- Author:
CopyrightCopyright 2008 Western Morning News, The Plymouth (UK). Provided by ProQuest LLC. (Hide copyright information)
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Calls to suspend stamp duty for homebuyers could help to kick-
start the region's uncertain housing market, experts have said.
There have been calls for Chancellor Alistair Darling to consider
freezing the tax which some say has reached punishing levels.
Such a move would bring echoes of the early 1990s, when John
Major's Government suspended stamp duty on certain properties for
eight months to galvanise a stagnant housing market.
Housing experts claim the idea should be revived if Mr Darling
does not slash the tax in his forthcoming Budget.
Simon Rubinsohn, chief economist at the Royal Institution of
Chartered Surveyors, claimed a property slump could push the
government into a "moratorium" ...