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If you've got £1m+ to drop
Not in old Saino's bags under the bed I don't, I'd need a mortgage and the £43k for Stamp Duty puts a fairly big hole in the deposit that I'd have.
I don't know what my flat would sell for in the deflating market of the moment, but let's say I exit with 300k - that means stamp duty and fees takes that down to £250k.
This puts me right on the edge of the LTV boundary for most mortgages, rather than having a margin.
Also, having just checked - HSBC will only lend me £712,500, so I'm overstating my purchasing power - which probably is a first world problem.
Dammit
NotThamesWater
If you've got £1m+ to drop, it seems a little petty to moan about the 4.4% purchasing tax.
Edit: and as someone who recently had to pay a large (not that ^ large admittedly) chunk of stamp duty, it seems to me to be a reasonable way to raise revenue.