Could Andy Burnham scrap stamp duty?
Andy Burnham has previously backed reform of stamp duty and council tax, but no changes have been confirmed. Here’s what has been proposed and what it could mean for homeowners.
By BBC News
Could Andy Burnham scrap stamp duty?
Andy Burnham has reignited debate about property taxation after indicating he supports major reforms to stamp duty and council tax if he becomes Prime Minister.
Although no government policy has been announced, Burnham has previously spoken in favour of replacing Stamp Duty Land Tax with an annual property or land-based tax, arguing the current system discourages people from moving home and acts as a barrier for buyers.
One proposal attracting attention comes from the Fairer Share campaign, which would replace both stamp duty and council tax with a proportional annual property tax. Under that model, most homes would pay an annual charge of around 0.48% of their value, while second homes and long-term empty properties would pay 0.96%. The campaign says most households would pay less overall, although owners of higher-value homes could face larger annual bills.
Unlike stamp duty, which is paid only when a property is purchased, an annual property tax would spread the cost over the time someone owns their home. Supporters argue this could make it easier for first-time buyers and older homeowners looking to downsize by removing large upfront transaction costs.
However, critics say an annual charge could increase costs for people living in expensive properties, particularly those with relatively low incomes. They have also questioned the practical challenge of regularly valuing millions of homes across England.
For Cheshire homeowners, the impact would depend largely on where they live and the value of their property. Areas with higher average house prices, such as Alderley Edge, Wilmslow and Prestbury, could see different outcomes from towns including Crewe, Ellesmere Port or Winsford.
No formal legislation has been introduced and no timetable has been announced for changing stamp duty or council tax.
Any reforms would require consultation and parliamentary approval before they could come into force.