Main image: London, United Kingdom - colorful houses in Camden Town district.
£4.6 billion in lost tax receipts and business revenue since 2014: Why the current stamp duty regime is hurting the UK economy
Notwithstanding the latest move to target foreign buyers, the government's incessant tinkering with high-end property levies has failed to optimise direct and indirect tax revenue, stifled economic activity, and deprived the market of the necessary liquidity and fluidity to function normally, argues Fraser Slater...
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It was not unexpected, but the new 2% Stamp Duty surcharge for overseas buyers is not particularly welcome either, say most of our prime residential property industry insiders...
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