Here is a complaint that SDLT is penalising Londoners unfairly.
It sounds superficially plausible. But is it that simple? If SDLT was less, wouldn't it simply mean that prices would rise in London? And that might mean that property would be just as unaffordable. One of the arguments for SDLT being higher was that it would dampen the overheating property market.
Londoners are being unfairly hit by stamp duty levels compared to home buyers in the rest of the country, according to new research. Estate agency haart found that while the average salary in London is 24.6pc higher than the rest of the UK, homebuyers in the capital must pay stamp duty which is 750pc more than in the country as a whole. This is due to sharply rising prices in London, which have for years outpaced increases in wages. Homes in London are 140pc more expensive than in the rest of the country.