While we take it for granted, we just pay stamp duty on shares, property and many other things, why do we pay stamp duty? What is the legitimate reason behind charging stamp duty? Have you ever thought about it?
Fees which depend upon the value of an asset are flawed. It does not take more time and effort to transfer ownership of an asset worth £100,000 than one worth £1m - so why do we pay more? More importantly, why arent we asking the question?