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12/03/2020

Budget 2020 reaction: Affordable housing pledge welcomed, but commentators sceptical about stamp duty increase

Words: Simon Wicks
Housing estate / iStock: 163930328

Commentators across the planning and property industries have given a broadly positive reaction to chancellor Rishi Sunak's commitment to provide £12.2 billion to support affordable housing in the UK – but there is scepticism over the wisdom of increasing Stamp Duty Land Tax for overseas buyers.

The measure - intended to control house price inflation and "support UK residents to get onto and move up the housing ladder" - has split opinion, with commentators erring towards scepticism about its value.

These range from David Smithen, partner at UK law firm TLT's comment that " only time will tell how it actually affects the market" to Dean Clifford, co-founder of Great Marlborough E.....Sign Up or Login to read full article

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