Wednesday 19 October 2011

Over 60s 'should be exempt from stamp duty' to free up under-occupied homes | Mail Online

Over 60s 'should be exempt from stamp duty' to free up under-occupied homes | Mail Online

Over-60s should be exempt from paying stamp duty to free up under-occupied family homes, a study has suggested.

Half of all properties owned by single pensioners have three spare bedrooms or more, the report found, at a time when young families are struggling to find affordable housing.

The Intergenerational Foundation, which carried out the study, said that offering tax incentives could encourage older people to downsize, freeing up space for bigger households.

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