View more on these topics

Taxes are a mess and Stamp Duty must go, says IFS

The Institute for Fiscal Studies has called for Stamp Duty to be abolished in a damning review of the UK tax system.

A report by the IFS published last week claims that the taxation of housing is a mess and contributes to an inefficient market.

It calls for Stamp Duty to be scrapped and for Council Tax to be reformed so that payments are based on up-to-date values rather than the 1991 valuations currently being used.

Paul Johnson, director of the IFS, says: “The current set of taxes in the UK is complex and often incoherent, and it imposes a far greater cost on the economy than need be.”




Swaps increased slightly last week. Initially they dropped but after the inflation figure was released they went up along with three-month LIBOR. Three-month LIBOR is up 0.02% at 0.91%.1-year money is up 0.02% at 0.96%2-year money is up 0.03% at 1.25%3-year money is up 0.02% at 1.35%5-year money is down 0.03% at 1.70% Well done […]

Diversified cashflows are key

Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.


News and expert analysis straight to your inbox

Sign up