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 £1.44bn in tax revenue and £8.36bn in business revenue; the firm's CEO Fraser Slater explains how...
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.
What to read next
Stamp Duty holiday deadline is ‘not a dealbreaker for most buyers’, as vaccine set to boost the property market next year
The Stamp Duty holiday "is not a dealbreaker for most buyers (especially at the top end)", says Savills, after surveying 1,300 prime property buyers and sellers.
London’s high-end homebuyers ‘paid 12% of the stamp duty owed across England last year’
The 675 £3m+ deals recorded in the capital in 2020 generated a combined total of £368.6m in stamp duty, according to research by Enness Global.
A delicate balancing act: Lucian Cook presents the case for Stamp Duty reform
There's been a lot of talk about Stamp Duty switches and tinkering in recent weeks - amped-up by some mixed-messaging from the Chancellor over the weekend.
By Lucian Cook
Companies in this article
Ludgrove PropertyMost read
PCL heavyweight Willis joins Forbes-backed brokerage
EXCLUSIVE: Former Strutt & Parker board member signed up as Founder Partner and MD as Martin Bikhit builds out new UK luxury agency.
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
Alex Michelin: How driverless cars will reshape the property market
Luxury development chief says driverless revolution could redraw the prime London map.
£12.25mn Chester Square townhouse finds buyer after agency switch
Boutique firm seals super-prime Belgravia deal after two previous agents had marketed the property.
Boutique London agency names new MD; opens Fulham office
Landstones has moved into the former Draker space on Fulham Road.
By PrimeResi
Savills makes key resi hire in Dubai
Greg Stockton is on board to link UK developers with investors, wealth managers and adviser in the Middle East.
By PrimeResi
Harding Green recruits another top Foxtons agent
Sloane Square ops director makes move to self-employed broker model after nearly 17 years with former firm.
Enness Global installs new Chief of Staff
Douglas & Gordon veteran joins the HNW finance firm.
By PrimeResi
London Square picked for 133-home Waterloo scheme
Aldar-owned developer takes on resi element of major new health and life sciences quarter.
Green light for £2bn Vauxhall Square mega-scheme
Pilbrow & Partners' 69-storey Vauxhall regen project squeaked through Lambeth's Planning Committee.
By PrimeResi
LATEST ARTICLES
Berkeley calls for stamp duty overhaul as cautious buyers hold fire
London development giant wants 1% SDLT cap for first-time buyers and downsizers - and the investor surcharge scrapped altogether.
‘New strategy’ drawn up for 15,000 sq ft Belgravia trophy
Three-building spread could be transformed into one of PCL’s most valuable private residences.
Agency reports biggest month for country house exchanges since 2022
After a dry few years, Strutt & Parker heralds 'a return of confidence in decision making for both buyers and sellers.'
By PrimeResi
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Chartwell Noble recruits former Fisher German partner
Independent agency continues to build its network of country house brokers.
By PrimeResi