Stamp Duty revenues fall with higher rates
I see others are now writing that Stamp Duty revenues have been adversely hit by the imposition of much higher rates, as predicted here. Official figures show Q2 2018 housing Stamp duty revenues down on a year ago, with sharp falls in transaction volumes for dearer homes following the higher tax rates. So why doesn’t the Treasury set rates that increase the revenues instead of hitting them?
Source: http://johnredwoodsdiary.com/2018/10/20/stamp-duty-revenues-fall-with-higher-rates/
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