The Government’s assault on buy-to-let investors has led stamp duty receipts to fall by £1bn – by far the biggest drop since the financial crisis.
Figures published today by HM Revenue & Customs show the tax take from stamp duty has fallen to £11.9bn in 2018/19 from £12.9bn the previous year after a decade of almost constant increases.
The tax, paid on a percentage of the purchase price by people buying a home, has frequently been used as a political weapon by successive Governments.
