Getting house sellers to pay stamp duty instead of first-time buyers sounds good – but there’s a big catch – The Independent

Economist Andrew McPhillips recently suggested that chancellor Phillip Hammond should make sellers rather than buyers pay stamp duty. This raises the question, won’t sellers then increase their asking price comparatively?
Ben Chu discusses similar scenarios (such as VAT, where businesses generally offset any potential loss by increasing prices) to see who ultimately ends up footing the bill.

Getting house sellers to pay stamp duty instead of first-time buyers sounds good – but there’s a big catch – The Independent

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