The end of stamp duty? Here's what scrapping the property tax would mean for London home buyers

Kemi Badenoch, the Conservative Party leader, proposed abolishing stamp duty if elected, a move that has sparked enthusiasm among London homebuyers and the property industry.

• Kemi Badenochs pledge to eliminate stamp duty received a standing ovation, highlighting strong support within the Conservative Party and signaling a potential shift in property tax policy.
• The proposal comes as London homebuyers face ongoing affordability challenges, with high property prices making the abolition of stamp duty particularly appealing to prospective buyers.
• With 76 media outlets covering the announcement, the widespread attention reflects the significance of stamp duty reform in the broader context of the UK housing market.