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George Osborne’s Stamp Duty Bonanza

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George Osborne’s Stamp Duty Bonanza

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pcernie

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Joined: Sun Apr 26, 2009 12:30 pm
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Location: Belfast

George Osborne’s Stamp Duty Bonanza

http://news.sky.com/story/1171799/georg ... ty-bonanza

That reads as more than a little London-centric.

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Thu Nov 21, 2013 3:26 pm

jonbwfc

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Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040

Re: George Osborne’s Stamp Duty Bonanza


	pcernie wrote: That reads as more than a little London-centric.

That's because a stupidly large proportion of the increase in stamp duty revenue is from people buying ludicrously expensive houses in London. The housing recovery is, in percentage terms, more or less centred around Knightsbridge.

Thu Nov 21, 2013 3:52 pm

Amnesia10

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Re: George Osborne’s Stamp Duty Bonanza


	Quote: According to the Office for National Statistics, the overall government deficit dropped from £8.2bn in October 2012 to £8.1bn this October. The figures are also likely to have been pushed higher by the fact that stamp duty tax rates have been lifted, and new higher rates have been introduced for the most expensive properties.

Not good if this with the 'booming' Stamp Duty receipts.

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Thu Nov 21, 2013 4:00 pm

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