|
|
Article: Estate agents bid to abolish stamp duty
- Article from:
- Belfast Telegraph
- Article date:
- October 15, 2009
CopyrightCopyright 2009 Belfast Telegraph. Provided by ProQuest LLC. (Hide copyright information)
|
STAMP duty is an "anachronistic" tax on aspiration and should be
abolished, property professionals said today.
The National Association of Estate Agents (NAEA) and the
Association of Residential Letting Agents (ARLA) said the way stamp
duty was charged distorted the UK's property market.
The groups said 86% of estate agents thought the tax was unfair,
while 81% thought reforming it would have a very positive impact on
the property market.
In addition 91% of estate agents also thought the current stamp
duty holiday on properties costing up to Pounds 175,000 should be
extended.
The NAEA and the ARLA have joined forces to call for the tax to
be modernised. They are calling themselves the 1808 ...