Stamp duty tax relief for LGPS a “game changer”
Author: LAPF Investments | Published: November 28, 2025
The decision to introduce stamp duty tax relief to property transferred within the LGPS has been described as a “gamechanger” by one industry expert.
The news came as part of Wednesday’s Budget, published following chancellor Rachel Reeves’ Commons speech.
Commenting on the stamp duty tax relief decision, Paul Richards, chief executive of the Association of Real Estate Funds said: “This is a hugely technical measure, but it should be a big game changer for the savings of millions of hard-working Britons.”
In its reflections, law firm Burges Salmon said it anticipates the change is designed to facilitate pooling of real estate assets, further to the reforms being implemented by the Pensions Schemes Bill and secondary legislation.
It is one of a couple of announcements which could impact the LGPS; another – potentially more peripheral – was the headline-grabbing changes to salary sacrifice.
This saw the Chancellor confirming reforms that’ll see a £2,000 cap on contributions from April 2029, with contributions above this threshold being subject to National Insurance.
