‘It makes moving pointless’: why stamp duty is the biggest downside to downsizing

Many older people in large homes would like to release them to growing families, but the financial hit can be hugeWhat’s standing in the way of downsizing for Gail, 58, from Manchester – who is self-employed and lives with her partner in a five-bed house she would like to swap for a smaller home? “Simply the cost of stamp duty. We live in an expensive area, so downsizing will cost us a lot in stamp duty, far more than we would save by having lower bills.”In England and No