AAT Comment: Property taxes update

AAT_TeamAAT_Team Posts: 532Administrator
edited February 2018 in Tax
Calls for abolition of stamp duty land tax (SDLT) were never likely to be heeded in the autumn budget, given that HMRC collected SDLT of more than £11bn in 2016/17.

AAT did not support abolition, but recommended that liability for the tax be switched to the seller. It argued that allowing people moving up the property ladder to pay SDLT on the lower-priced house that they were selling would improve mobility, helping more people to get on to the ladder for the first time.

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