
We discuss how taxes like capital gains, stamp duty, and council tax impact the housing market, affecting affordability, renting, and homeownership.
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The UK’s housing market has long been a source of frustration for renters and homeowners alike, with issues of affordability and availability topping the agenda.
The new government has identified housing market failures as a major barrier to economic growth—but what role does the tax system play in these challenges?
In this episode, we’ll dig into how taxes impact the housing market, from the cost of buying and renting to the incentives—or disincentives—they create for landlords, developers, and homeowners. We’ll explore everything from capital gains tax to stamp duty surcharges and council tax policies. Are these tax measures helping or hindering progress? And if reform is needed, where should policymakers begin?
To help answer those questions, Paul is joined by Stuart Adam, Senior Economist at IFS and Tim Leunig, economist at the London School of Economics and former Economic Advisor to Sajid Javid and Rishi Sunak.
Host

Director
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Participants

Senior Economist
Stuart is a Senior Economist working in the Tax sector, and focuses on analysing the design of the tax and benefit system.

Visiting Professor London School Of Economics
He has taught at the LSE for 25 years, and at Oxford, and held visiting faculty positions in the US and Europe.
He has worked for the UK government for over 10 years, including serving as economic adviser to two chancellors (Javid, Sunak), three housing secretaries (Clarke, Javid, Gove), and as chief analyst and chief scientific advisor at the Department for Education.
Podcast details
- DOI
- 10.1920/pd.ifs.2024.0102
- Publisher
- Institute for Fiscal Studies
Suggested citation
. (2024). How is tax damaging the housing market? [Podcast] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/how-tax-damaging-housing-market (accessed: 25 April 2025).
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