Just out of interest, does anyone know how stamp duty on house moving is justified. by HM Gov.
Generally, taxation is levied on some sort of financial gain - income tax, IHT CGT etc, but a person or family moving to a house of similar value is making no such gain yet is still taxed. Is this an attempt to discourage house moving perhaps and if so what about peope who need to move in search of employment, or those that would simply like to move to a nicer area or for educational purposes.
I'm not suggesting that HM Gov needs to justify its taxes, but surely they must have some sort of window dressing for what is surely the most unjustifiable of taxes.
Thanks Fred