Tax | Stamp duty reforms see hike in tax receipts from high end property sales
The changes to stamp duty land tax (SDLT) system from a ‘slab’ to a ‘slice’ structure has resulted in a £657m fall in the amount of tax paid by the majority of homebuyers since the reforms, but purchasers of high valued properties over £1m are paying more in duty with a 16% hike in revenues, HMRC has calculated
29 Feb 2016