Government rakes in 22% more from stamp duty
Original Article Summary
Stamp duty receipts rose by 22% to £14.6 billion in the past 12 months, HMRC data shows. This represents an increase from £12bn last year, and reflects how investors now have to pay a 5% surcharge on additional properties, up from 3% following last year’s Autumn Budget Louis Alexander chief executive of specialist lender Somo, […] The post Government rakes in 22% more from stamp duty appeared first on PropertyWire.
PropMatch Curated Analysis
Stamp duty receipts increased 22% to £14.6bn driven by higher surcharges on additional properties, with uncertainty over potential future property tax reforms creating investment hesitation.
Investor Relevance
Higher stamp duty costs directly reduce investment returns and cash flow, while potential future reforms (annual property taxes, reduced capital gains exemptions) could fundamentally change property investment economics and require strategy reassessment.
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