Thursday, Jun 19, 2008
Another hole in Darling's pocket !
Telegraph: Housing downturn will leave Treasury short of £3bn in stamp duty
Stamp Duty has become a serious source of revenue for the Treasury, with more than six out of ten home buyers having to pay it. Last year the Treasury made £6.45bn out of the tax on residential property transactions.
Posted by rental john @ 06:46 PM (427 views) Add Comment
4 Comments
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1. hpwatcher said...
ha ha ha
2. wdbeast said...
It's not Darling's pocket, it's ours!
3. Letsgetreadytotumble said...
In the late 60's when a typical semi was £2 500, stamp duty threshold was £60 000.
In other words, it was a tax on the super rich.
It should never have been allowed to effect the popular market.
4. it_is_going_with_a_bang said...
My personal view is that it is money they should not have been collecting anyway.
£3bn is just the start of it. Think of all the other money that gets spend during buying and selling. Think of all the other charges nearly all of which have a tax invloved