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  • Tax

    Landlords boost Treasury with 3% stamp duty



    Landlords may be complaining about the extra Stamp Duty charges but that doesn’t seem to be stopping people buying additional properties.

    Figures from HMRC on the number and value of transactions liable for Stamp Duty in the second quarter of 2017 show 213,700 transactions, up 8.7% on the first quarter of 2017 and 2.7% higher than the same period last year.

    Of this, 60,000 transactions fell into the additional property charge, up from 58,200 in the first quarter and slightly below the 62,900 at the end of the year.

    The overall Stamp Duty tax take was £2.3bn in the second quarter, up from £2bn in the first quarter of 2017 but the same as the end of last year.

    The additional Stamp Duty rate raised £503m from the total receipts for HMRC, up from £464m in the first quarter but slightly below the £525m taken at the end of last year.

    Most additional rate transactions took place in the bracket under £250,000, which some may consider typical first-time buyer properties, making up 39,000 of 115,300 sales.

    Full/source article - Property Industry Eye 

    SEE ALSO  -          What effect do you think Stamp Duty increases will have on property prices?

    UP NEXT -              Landlord Guide to Stamp Duty Surcharge

    DON'T MISS -         Stamp duty on first buy to let through LTD

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    So we can say any hope of stamp duty going do will not happen

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    Learn Change and Adapt ?????