Toby Price and Ginny Offord explain why the SDLT rules contain a structural bias in favour of leveraging up leases over reducing leverage.
Is stamp tax doing its bit for the recovery effort? Certainly economists might see its value in cooling the housing and equities markets in good times. And European policymakers have got hold of financial transactions tax which appears to be stamp duty reserve supersized up because of its perceived value in keeping financial speculation in check. So stamp tax certainly can be a dampener when needed. But does it deliver a countercyclical boost in bad times?
