The Conservative Party leader Kemi Badenoch surprised her part conference by announcing a bold pledge: to abolish Stamp Duty on residential property purchases.

For decades, Stamp Duty has been one of the biggest frustrations for buyers in the UK housing market. Whether you’re a first-time buyer scraping together a deposit, or a property investor looking to expand, Stamp Duty has always added thousands to the cost of moving.

Watch video - https://youtu.be/HkatdJ4Cryo

The Conservatives argue that scrapping it will:

Make housing more affordable for families

Encourage mobility in the market

Stimulate property transactions and economic growth

But critics warn that it could push up house prices, as buyers with extra cash bid higher, and may not solve the deeper issues of affordability. For landlords and second-home buyers, it could be a major tax saving — but will it mean more competition for first-time buyers?

From a UK perspective, this promise could reshape the housing market. If delivered, it would mark one of the most significant changes to property taxation in decades.

The policy does not include the Stamp Duty Surcharge on second and buy-to-let properties, introduced by the then Conservative Chancellor George Osbourne, who also brought in the Section 24 ‘landlord tax’.

Whilst the Conservatives are lagging in the polls, and would still have to win the next general election in three or four years’ time, the shock announcement could prompt Labour to adopt the plan to revive the flagging housing market as well as reversing Sir Kier Starmer’s declining popularity.

In today’s Money Tips Podcast, I’ll break down:

Who benefits most from this pledge

What it could mean for homeowners, landlords, and investors

And whether this is a genuine fix, or just another election headline

Watch now to find out how this promise could impact your finances.

See also:

Labour’s Coming for Your House? Rachel Reeves’ Shocking Tax Plan!

https://youtu.be/h8zYPlicIAU

Is this the right time to buy?

Watch full video: https://youtu.be/72J6Bo0sG2Q

See also:

Property or Stocks – Which Is The Best Investment For You?

“Should I invest in property or the stock market?”

Watch video - https://youtu.be/M6kWFPs8HPw

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