Lately, there seems to be increasing media coverage voicing concerns about the detrimental effects of Stamp Duty. Could it possibly be eliminated in the future? An article in The Guardian highlights how senior citizens view it as an obstacle to downsizing. While I question the complete rationality of this viewpoint - considering that even after paying the tax, they would have funds freed up for investment, which could yield returns instead of being tied up in a property - I do acknowledge the psychological impact it likely has.
