A stamp duty exemption could encourage more than a million older people to downsize, according to research by YouGov for McCarthy & Stone.
Government revenues could also get a boost, with the Institute of Public Care estimating that an exemption-induced 10% rise in transactions could translate into an extra £186m for the Treasury.
Savills calculates, however, that if 15% of older people chose to downsize, there would be a 1.4m shortfall of retirement homes for them.
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