
The trouble with a green stamp duty tax
Should homebuyers have to pay a higher rate of stamp duty if the property they are buying has a low energy rating? After all, motorists already pay a higher rate of road tax if they are buying a new car with high fuel consumption. The stamp duty idea has been advanced by a trade body called the Energy Efficiency Infrastructure Group, which takes the example of a two bedroom end-of-terrace property with an agreed sale price of £250,000. At present, the buyers would pay stamp duty of £2500 (or zero if they were first time buyers). Under the new system they would pay £847 if the property had an energy
