Halifax is to lobby all three main political parties for changes in property taxation, especially inheritance tax and stamp duty, in the run up to the next General Election.
General manager government relations Shane O’Riordain says: “Change is long overdue. Successive governments, irrespective of their political colouring, have not played fair with homeowners. This policy needs to change now.
“Halifax believes that, at the very minimum, property tax thresholds need to be automatically aligned with house price inflation. The fiscal drag game that successive governments have played is neither realistic nor equitable. Halifax will lobby for a large dose of realism to be injected into the property tax regime as soon as possible.”