Downsizing Tax Breaks for Older Homeowners
Update: 2025-11-16
Description
John Tonkiss, CEO of McCarthy Stone, urges Rachel Reeves to offer tax breaks for downsizing homeowners. He believes this will free up homes for younger families and make the housing market more functional. The Older Peoples Housing Taskforce suggests removing stamp duty for last-time buyers on properties up to £425,000. This could lead to an additional 500,000 homes becoming available within a year, benefiting both retirement home demand and younger families.
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