Stamp Duty and Housing for Older People

This study by IPC for McCarthy & Stone, considers the potential impact that a reduction in Stamp Duty on sales and/or purchases might have on older people and the wider housing market and on tax revenues gained through Stamp Duty.

It suggests, if incentives were in place for older households to 'downsize', a further 766,000 family-sized homes could be released onto the market and this would not only be quicker than building new dwellings but also increase housing transactions and net the Revenue £353m annually.