Mr Stevenson also argued in favour of putting the seller as well as the buyer's National Insurance number on the Stamp Duty
Land Tax form to give HMRC an opportunity to make checks about capital gains tax and the payment of income tax.
It will see the government stamp duty
fee abolished for first time buyers on homes costing PS300,000 or less or on the first PS300,000 of purchases up to PS500,000.
Despite reforms to stamp duty
in recent years, it remains "inefficient", the report argues, fuelling housing shortages, making homes less affordable and putting people off moving to more suitable properties - from those taking early steps on the housing ladder to older home owners.
Branding it Britain's "most damaging tax", the report says axing stamp duty
could generate PS10bn of economic growth.
But despite the name change, it's still generally called stamp duty
Yorkshire Building Society is trying to persuade the powers that be to make stamp duty
payable by the sellers of homes, rather than the buyers.
All Registrars, throughout the country, are rejecting those property cases presented on the basis of DC valuation saying that they will only accept those applications of registration having stamp duty
according to immoveable property valuation fixed by the FBR, but the fact is that the DC rates are for stamp duty
and it is domain of provincial governments while property valuation mechanism of the FBR is for collecting With Holding Tax (WHT) and Capital Gain Tax (CGT) only and it has nothing to do with stamp duty
, he regretted.
A combination of strengthening demand and April's stamp duty
deadline has resulted in higher sales volumes," said Tom Bill, head of London residential research at Knight Frank.
7bn on Stamp Duty
in England and Wales in the year to March 2015 and the average homeowner spends nearly GBP10,000 on Stamp Duty
in total as they move up the housing ladder.
This system was heavily criticised as the structure often resulted in substantial increases in stamp duty
as prices moved above the next band threshold.
THE proportion of Welsh homeowners forced to pay stamp duty
will rise to 63% within five years, according campaign group the Taxpayers' Alliance.
MORE than a quarter of home buyers in England and Wales are now paying stamp duty
at the higher rates of 3% or more and facing bills of over PS7,500, according to research published today.
A stamp duty
is the amount of money which is paid for the application, or other procedural action, performed in a court.
FIRST-TIME buyers rushing to jump on the property ladder before the end of a stamp duty
holiday helped house prices jump 2.
With just two months to go until first-time buyers will have to pay up to an additional pounds 2,500 in stamp duty
costs when buying a home, the leading housebuilder is encouraging purchasers to benefit from the saving before the end of March.