It is among changes to property tax that are being considered by the Treasury, ahead of Budget discussions with the Office for Budget Responsibility (OBR), according to City AM.
Experts have long supported changes to the tax, suggesting it will help more buyers get on the property ladder and encourage growth in the industry.
“Staggering the payment of stamp duty is a great proposal as it would help unlock more home moves, especially in areas with the highest home values and the biggest costs for home buyers.
Four in five homeowners pay stamp duty, with the levy also hitting two in five first-time buyers.
Professor Joe Nellis, economic adviser at MHA, the accountancy and advisory firm, said the possible move by the Treasury would be “a change that could reshape the UK housing market”.
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“This could boost market activity, making it easier for households to move and potentially supporting housebuilders with stronger demand.”
“The Treasury would wait longer to receive revenue, adding to near-term borrowing needs. There is also a risk of missed payments if buyers default or sell before completing their instalments.
He added: “Unless housing supply rises, spreading payments could simply push prices up by encouraging more demand into a market already short on homes.
The Tony Blair Institute for Global Change previously proposed reforming stamp duty by allowing buyers to spread payments over 20 years via a government-backed loan.
A Treasury spokesperson said: “The Chancellor makes tax policy decisions at fiscal events. We do not comment on speculation around future changes to tax policy.”
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