Stamp Duty Up Tenfold Under Labour As London Buyers Pay Record Pounds 1.7bn

Summary


THE stamp duty burden on home buyers in the capital has soared more than tenfold since Labour came to power, figures show today.

A record Pounds 1.725 billion was raked in by the Treasury from London house moves last year, according to latest statistics published by HM Revenue Customs.

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Stamp Duty Up Tenfold Under Labour As London Buyers Pay Record Pounds 1.7bn

This was almost a third more than the Pounds 1.305 billion in 2005/06 and compares with Pounds 165 million a decade ago.

The new figures ...

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