Stamp duty rates must ‘represent house price growth and affordability’

Nathan Emerson
Nathan Emerson

Propertymark is urging the government to review the stamp duty rates and bands to ensure they represent house price growth and affordability.

Nathan Emerson, the CEO of Propertymark, will attend the Property Investor Show this weekend to discuss the issue.

He will be interviewed on stage by EYE columnist, Russell Quirk, of ProperPR, with the conversation expected to focus on Propertymark’s ideas for proposed stamp duty reforms.

Emerson said: “I’m delighted to attend this event to share our views as the UK’s leading representative body of property professionals.

Russell Quirk
Russell Quirk

“Given the success of the SDLT holiday, Propertymark are keen that the UK government reviews the rates and bands to ensure they represent house price growth and affordability. It is not only a barrier to entry to the property market, but also restricts downsizers from releasing much needed family homes for second steppers.”

Ahead of the Property Investor Show, which returns as a face-to-face event this Friday and Saturday, at London’s Excel Centre, Quirk said: “This will be the first time that Nathan has aired his organisation’s ideas for stamp duty change to a significant, face to face audience and I’m sure that they will be well received at the show given the relevancy of the audience.

“SDLT is desperately in need of improvement and greater fairness particularly considering that it was originally introduced in the 17th century to fund a war on France – I think we ll agree that such a necessity has probably subsided by now.”

The Property Investor Show returns as a face-to-face event this Friday and Saturday (15th and 16th October) at London’s Excel Centre. It’s the go-to event for all would be and established property investors and boasts to have everything a property investor needs to prosper, all under one roof.

It features over 90 exhibitors from the world of property and property related services including Bradleys Estate Agents, Hamilton Fraser, CrowdProperty and Knight Knox.

The show will also see over 70 seminars and speaker sessions and these can be accessed here.

It is free to attend but registering prior is recommended. That can be done here.

 

The average stamp duty bill has surged 490% in the last 25 years

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