Similarly, industry experts are split on potential reforms of stamp duty more widely.
Some argue that abolishing the tax would stimulate what is an “already overheated” market, while others say long-term reform has the potential to free up housing stock.
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Stamp duty has been a lucrative method of tax collection in recent years, with government receipts increasing in line with house prices.
Last year, HM Revenue & Customs collected an extra £4.2bn in stamp duty, an increase of 69 per cent.
jane.matthews@ft.com
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