I’ve made over £1,000,000 on my five-bed house — I deserve a tax break to downsize

2 hours ago 1

Key Points

A retired couple in Surrey wants to downsize but is concerned about stamp duty and moving costs cutting into savings
Their house value has grown from £80k to £1.2m since 1985, creating a £1.12m untaxed profit due to housing market growth
Experts argue stamp duty is minor compared to their untaxed profit, stressing housing wealth inequality and tax fairness

Created with AI assistance. Quality assured by Metro editors.

...