Property News · September 30, 2016

Stamp duty revenue up by £340m in London


HMRC figures for 2015-16 belie fears that higher tax rates would deter buyersThe amount of stamp duty collected on house sales in London rose by 11% in 2015-16 to reach £3.4bn, following the introduction of new rates at the end of 2014. The figure will dash the hopes of those who have called for the government to reconsider the higher rates it brought in on multimillion pound properties. Continue reading…

Source : theguardian.com
Read more…Stamp duty revenue up by £340m in London