Besley, Timothy J.; Meads, Neil; Surico, Paolo - C.E.P.R. Discussion Papers - 2014
This paper exploits the 2008-09 stamp duty holiday in the United Kingdom to estimate the incidence of a transaction tax … average tax reduction of about £1500. While we estimate an increase in transactions of properties affected by the tax holiday … of the surplus generated by the holiday accrued to buyers. …