Paul Johnson, a director of the Institute of Fiscal Studies and visiting economics professor at University College London, has advocated for the abolition of stamp duty for private landlords in the UK. In an op-ed, Johnson highlights the additional tax burden on landlords, including stamp duty, income tax on rental income, and capital gains tax on property sales.
He argues that the high tax rates on landlords lead to increased rents, ultimately impacting tenants. Johnson suggests that reducing or eliminating some of these taxes could boost rental supply and lower rents, providing a potential solution to rising housing costs.
You can read the full article on the IFS website here.