Monday, Jul 09, 2007
Treasury Rakes in Stamp Duty worth £4.6 Billion in 2006
This is London: First time buyers face £1,500 stamp duty bill
HM Treasury has lucratively raised its stamp duty take from £675 million in 1997 to £4.6bn in 2006, most of this money would have been funded from mortgage borrowings. So we could rename this article as a Tax on Debt or the UK Government makes ends meet through its citizens personal debt. Can't wait for the 2007 figures!
Posted by enuii @ 11:22 PM (136 views) Add Comment
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