The Pros and Cons of Shifting from Stamp Duty to Land Taxes
33 ViewsAt a glance: Pros: Reduced upfront costs for property buyers. Increased affordability in the real estate market. Enhanced market liquidity and increased transaction volume. Potential for progressive taxation, distributing the tax burden more equitably. Cons: Potential tax burden shift for property owners. Possible impact on property prices. Implementation challenges in creating appropriate tax structures…