Latest figures released by HM Revenue & Customs show yet another large increase in the amount of taxation received by the Treasury from landlords and other property owners.
Stamp duty continues to soar, reaching £7 billion between April and July 2022 – an increase of £1.3 billion on the same period in the previous year.
Meanwhile figures released over the weekend show HMRC raked in another £2.4 billion in inheritance tax receipts in the three months to July 2022. This is likely to have come from property value mainly, although not exclusively. It’s some £300m more than in the same period last year.
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