The property market in Bristol and around the UK as a whole could be helped by a reform of stamp duty, the Association of Mortgage Intermediaries (AMI) has suggested.
According to the organisation, the government should overhaul the rules currently governing the tax.
At the end of last year, the Labour administration brought to a close the holiday it had introduced on the levy for properties worth up to £175,000 - which it had introduced in the wake of the credit crunch in a bid to stimulate the sector.
The AMI pointed out that this led to a rise in activity towards the close of 2009, as consumers rushed to take advantage of it before December 31st.
In a call to the government, director of the organisation Robert Sinclair said: "Rather than tinkering with stamp duty levels, what we need to see is a root and branch reform of this inequitable 'slab' tax on property."
