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  • Tax

    SDLT receipts down by a 3rd of a £billion

    https://www.propertytribes.com/btl-autum...35749.html

    could this come to pass?- speculation at this moment in time.

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    Coming soon Investorsk8.com

    Wisdom - an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs. 


    George Osborne came out fighting over the weekend with regards to this story.  He took to twitter to defend his SDLT policies:


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    Treasury faces a £1billion stamp duty black hole amid fears tax crackdown on homeowners has backfired

    The Treasury is facing a £1billion drop in stamp duty from property sales this year – sparking fears a tax crackdown on homeowners has backfired spectacularly.

    Stamp duty charges on high-end homes were hiked sharply by former chancellor George Osborne four years ago in a bid to boost the tax take. He also imposed a 3 per cent surcharge on second homes to discourage landlords.

    But it is feared the changes have clogged up the property market at the top end because people do not want to buy expensive homes due to the massive tax bills.

    Full/source article

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