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    What would happen to house prices if stamp duty was abolished?

    Hi Wylie Of course you can borrow to pay stamp duty if you have other security and income. But when looking at an individual property, you have to find a way to stump up the deposit, stamp duty and other closing costs from your own resources. You can't borrow directly against stamp duty -...
  2. H

    What would happen to house prices if stamp duty was abolished?

    Clearly they would go up as it would reduce the Deposit required. Stamp duty is paid by buyers and can't be borrowed so the money thus freed up can be used to pay more. It increases demand from people who previously couldn't stump up the stamp duty as well as allow others to pay more. But...
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