An estate agent has called for stamp duty on houses to be "completely wiped out".

Founder and managing director of Wimbledon-based SW19 Luke Bennett is spearheading a campaign against the tax.

He said the duty, which can reach as much as £9,000 or £10,000 on a one or two bedroom flat in London, should be scrapped.

"In the worst case it should be non-existent for first-time buyers;it's a massive amount of money if you think about it,"Mr Bennett added.

The government froze stamp duty on houses valued at up to £175,000 in September this year, but as Mr Bennett says, that will not help Londoners.

"What can you buy for £175,000 in and around London? Nothing at all,"he remarked.

Mr Bennett explained that stamp duty made a huge difference to people buying a house.

In September, Mouseprice found the total proportion of housing stock worth less than £175,000 stood at 48.6 per cent.

Related posts:

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  2. First-time buyers hit two-year high in the rush to beat stamp duty hike
  3. The Budget: Stamp duty measures leave buyers bemused
  4. Buy-to-let investors may get cut in tax
  5. First house price falls for 10 months

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