TaxPersonal TaxTaxman hit by falling stamp duty revenues

Taxman hit by falling stamp duty revenues

Housing market slump hits HM Revenue & Customs' stamp duty receipts

Stamp duty receipts halved in Q4 2008, according to figures from the Council
of Mortgage Lenders.

The taxman took just £1.89bn in stamp duty in Q4, down 47% on the same period
last year.

The taxman’s stamp duty take from homes sold in 2008 fell to £9.4bn from
£14.6bn. Just 930,000 homes were sold in 2008, compared to 1.6m in 2007,
reported
the
Times.

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