Heat pump owners primed for huge stamp duty boost amid new proposal to offer tax rebate

The body recently published a new report where they proposed “radical action to achieve a Net Zero housing stock in the UK” through a range a measures. 

Writing about their Stamp Duty Rebate suggestion, they warned that “for the use of fiscal levers to be effective, careful consideration must be given to ensure that they target the correct populations and strike a balance between encouragement and penalty.

“Fiscal levers must explicitly consider vulnerable populations in their design, to ensure that the approach taken enables an equitable transition.

“For example, the use of financial penalties should not disproportionately impact the poorest in society, who are unable to pay for energy efficiency upgrades or heating system replacements. Instead, these vulnerable populations should be supported by financial incentives, such as grants and subsidies.”

READ MORE: Heat pump breakthrough as firm installs UK’s first rooftop upgrade

Article source: https://www.express.co.uk/news/science/1690815/heat-pumps-stamp-duty-rebate-tax-boost-new-proposal-energy-efficiency