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£2 billion increase in stamp duty

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14 hours ago, macca13 said:

I did a FOI request about Help to Buy Bail Banks re-sold properties. Without me mentioning stamp duty they did:



How much money has the Treasury lost on houses re-sold at a loss?
From the 420 sales at a loss, the total loss was £1,007,772 against the original investment. 

However, this figure does not take into account the profit made from the 3,509 properties sold for more than their original sale price; as per questions 2 and 3, there has been an overall net profit of over £22m based on all sales to date. These figures also do not take into account the revenue from Stamp Duty Land Tax which would also have been payable. As a result, we are not able to identify the exact return HM Treasury would have received from the disposal of these properties.





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  • 295 Brexit, House prices and Summer 2020

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