Should the government abolish stamp duty for first-time buyers on homes worth less than  £425,000?

Stamp duty should be controlled by local regional government and % payed on average property price's for the local area.

The government should abolish stamp duty for home purchases under £400,000 but only for people who own one home only.

Abolish stamp duty for buying any house at any price provided it is your only house (or you have 6 months to sell your old house). Tax second houses with 15% stamp duty.

I think that this would have the unintended consequence of inflating the value of properties under £425k. The bigger objective should be to discourage commercial practices that inflate the whole housing market and price regular people out.

Yes, but should be a set at a lower maximum value of the home, such as 250k, otherwise it will push up property prices further. If you can afford a mortgage for 425k, you can afford the stamp duty.

Stamp duty threshold should be track at 10% above the national average house price ensuring those buying an average house are not subject to yet another unfair tax.

Id rather higher rate of income tax than an other form of tax. Therefore those who earn more pay more. The economy would be better if the population could spend what little money they have

Yes, and dramatically increase stamp duty for domestic and foreign property speculators who bulk-purchase residential property

Not just first time buyers but all house purchases below a certain level apart from second homes and buy to let

Abolish all stamp duty & remove the exception for first homes from investment taxes when sold above £750k.

Stamp duty should only apply to people who own multiple properties. No stamp duty for single property owners regardless of value

Yes, stamp duty any any other tax on buyers should be abolished altogether and only sellers should be taxed

Replace stamp duty with a non-transactional tax based on the value of properties owned that does not restrict movement in the housing market

If first time buyers can afford a home that costs £425,000 they can afford the stamp duty! More houses need to be built to reduce the prices for first time buyers and thus up the chain.

No but it should abolish stamp duty for over 50s so they can easily move in to smaller homes and free up their large family houses for younger people

Make it for all property purchases under a certain level apart from buy to let holiday let’s, second homes and foreign investment

Stamp duty should be linked to inflation, so the bands should change every year instead of being a stealth tax. The limits were intended to be on expensive homes, not the least.

Yes and reduce it for those moving house. Current levels inhibit mobility and leads to stagnation of the market.

Yes, they should abolish stamp duty or have full reform of the system. It shouldn’t just be restricted to first time buyers

Rather than 1st time buyers. It should be that you only pay the % applicable on the increase amount differential between your new and last property purchase

Yes, all stamp duty should be abolished and a capital gains tax levied on gains that exceed a specific, inflation-adjusted percentage of the original purchase price.

I think £425000 is a huge amount for a first time buyer.
£3000 maybe.
However i do think previously paid stamp duty should be accounted for when buying a new house - deduct what has previously been paid on the preceding property,, otherwise we’re being taxed twice.

Should abolish on starter homes, the level of £425k means different things in different parts of the country.

Incentives for FTB are inflationary for house prices generally. Homes are very expensive, these policies make it even worse and also direct more profit to housebuilders (eg some policies are new homes only)

This feels very London-centric as Northern first time buyers are unlikely to spend more than £300,000

Yes but on homes less than £300,000. First time buyers don't need such an expensive house and if they can afford it there's no reason not to pay the duty.

Stamp duty threshold should increase proportional to house prices. You get less for your money now than what 5 years ago so first time buyers are having to pay.

Stamp duty should be abolished for anyone buying a single property to live in worth less than £38000

Stamp duty should be abolished for all homes bought for owner occupation by British citizens. All foreigners should pay stamp duty and also those buying property for investment

No, and they should remove additional stamp duty for social landlords wanting to buy second homes. They should also remove stamp duty for older people who want to downsize.

Stamp duty for a partnership where one party is a first-time buyer then a percentage discount should still apply.

First time buyer spending £425,000??? Again concentrating on londoners. People local to me can’t afford a £100,000 home when paid so little, so help those that haven’t got nearly half a million pounds. That’s laughable.

Yes but should include homes under 300k as having this threshold excludes the north entirely as it’s very unlikely they’ll spend that much

This doesn’t support the middle class or the actual coat of housing. Abolish it all together for first time owners, under 2m