Main image: London, United Kingdom - colorful houses in Camden Town district.
£4.6 billion in lost tax receipts and business revenue since 2014: Why the current stamp duty regime is hurting the UK economy
Notwithstanding the latest move to target foreign buyers, the government's incessant tinkering with high-end property levies has failed to optimise direct and indirect tax revenue, stifled economic activity, and deprived the market of the necessary liquidity and fluidity to function normally, argues Fraser Slater...

Fraser is the CEO and Founder of Ludgrove. With 25 years experience as a Fund Manager and Property Developer in Chelsea, Fraser started Ludgrove with an ambition to create London's leading property buying agency. Fraser has a flair for spotting undiscovered property opportunities. This combined with his professionalism and expert negotiating skills honed on City trading floors, have won him the trust of some of the worlds' leading businessmen and entrepreneurs. Besides property his passions include cricket, skiing, football, rugby and the stock market. Fraser has lived in Prime Central London for over 20 years.
Cutting Stamp Duty ‘could boost transactions by 40% and tax revenues by £9.8bn’
According to buying agency Ludgrove's workings, a 36% reduction in Stamp Duty rates across the board would likely lead to 40% additional transactions in England per annum, in turn generating an extra £1.
Budget 2020: Property industry reactions to the non-resident Stamp Duty surcharge & more
It was not unexpected, but the new 2% Stamp Duty surcharge for overseas buyers is not particularly welcome either, say most of our prime residential property industry insiders...
By PrimeResi
Stamp duty receipts tumble by £1 billion
Latest statistics from HMRC confirm a massive fall from £12.9bn in 2017/18 to £11.9bn in 2018/19, the biggest decline seen since the financial crisis
By PrimeResi
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Ludgrove PropertyMost read
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PrimeResi quizzes the high-profile real estate agency's recently-appointed boss about bumper sales figures, brand-building, and why this business is 'all about people, not property'.
£22mn penthouse sold in £50mn deal spree at top-end Kensington scheme
Lodha confirms launch date for next sales phase at Holland Park Gate following another run of big-ticket transactions.
Government proposes the ‘biggest shakeup to the homebuying system in this country’s history’
Consultations have opened into significant & wide-ranging reforms that promise to 'rewire a chaotic system which has become a barrier to homeownership.'
By PrimeResi
‘Landmark’ townhouse sale concluded in Chelsea
'Discerning buyers are focusing on best-in-class assets', says agency, confirming sale of near-£28mn trophy home as part of £100mn deal run.
London Square gears up to launch sales at landmark heritage conversion project
Ambitious transformation of former Surrey County Council HQ is to deliver 264 new homes, with completion set for 2027.
Country house guru Sweeting joins high-end valuation firm
Longstanding Knight Frank figure has taken up a consultant role at James Wyatt's Parthenia.
Seven key themes in the global branded residences sector
From standalone towers to wellness-led living, these are the big trends shaping luxury branded residences worldwide.
Influential committee calls for ‘major reform of the whole property tax system’
'The case for major reform of the whole property tax system – from Stamp Duty Land Tax to Inheritance Tax to Council Tax and VAT – is almost unarguable,' says Sir Vince Cable.
By PrimeResi
Luxury developer Amara Property adds Sales & Acquisitions Director
Warren Leader has joined Rutu Buddhdev's team.
By PrimeResi
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PrimeResi's regular stock check, powered by LonRes.
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