Property expert Kirstie Allsopp backs stamp duty reform

Transcript

00:00What I would like to see, and this will never be implemented because no politician would dare,

00:04is to say we drop stamp duty much, much lower, but everybody pays it.

00:11Every single person purchasing a house pays it, even if it starts at 0.5% on a house of 200.

00:20So you're in the camp of saying let's have a much lower rate on a much broader base.

00:24Yes.

00:25And that's less distorting to any individuals.

00:28It means that everybody knows what's going on.

00:31It's much simpler to calculate.

00:32It is actually much fairer.

00:34And we don't have this thing where you think, oh, I'm going to sit tight and I'm going to make my two-bed house into a three-bed house.

00:41Because what's happening now is we're altering the nature of our housing stock quite dramatically at the moment,

00:47which is really bad for first-time buyers.