Non-dom changes create £401mn stamp duty 'black hole' - Knight Frank
Policy shift blamed for slump in £5mn-plus deals and mounting pressure on Treasury purse strings.
London’s high-end homebuyers ‘paid 12% of the stamp duty owed across England last year’
The 675 £3m+ deals recorded in the capital in 2020 generated a combined total of £368.6m in stamp duty, according to research by Enness Global.
UK property becoming safe haven by default – Knight Frank
The government has sent the wrong message by scrapping non-dom status, but any negativity has been dwarfed by the wider commotion on global financial markets this month, explains the agency's Tom Bill.
Latest HMRC data reveals 27% slump in resi stamp duty receipts
Properties valued at over £1mn accounted for just 4% of all transactions in 2023-24, but over half of total SDLT receipts.
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LATEST ARTICLES
Non-dom changes create £401mn stamp duty ‘black hole’ – Knight Frank
Policy shift blamed for slump in £5mn-plus deals and mounting pressure on Treasury purse strings.
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