The Conservatives will abolish stamp duty if they win the next election, Kemi Badenoch has announced.
Speaking to the Conservative Party conference in Manchester, the Tory leader described stamp duty – the tax paid when a new home is purchased – as a “bad tax” and an “unconservative tax”.
She said that she had looked at lowering the thresholds at which stamp duty is paid but decided it would not be “enough”.
“The last Conservative government cut stamp duty for thousands of home buyers,” she told the conference.
“But now we must go further. We must free up our housing market – because a society where no one can afford to buy or move is a society where social mobility is dead.
“The next Conservative government will abolish stamp duty on your home.”
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