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Robin Smith

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Why not abolish it. And instead leaving a charge on the annual rental value of the property?

From: Robin Smith 13 September 2019 17:33 PM

A reduction in stamp duty would mean an equal rise in selling price. All subsidy on land value adds to rent. All tax on land reduces rent. Selling price is the capitalised annual rental value (5% rate). So any wait by the buyer would command an equal wait by the seller. You might see a little distortion around the transition period but that would be a matter of luck or skilled timing by either party.

From: Robin Smith 02 September 2019 11:45 AM

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