London property stamp duty income set to fall

[Nicholas Wallwork]

We can only hope that eventually governments of the day will learn lessons from the past and stop milking the UK property market to shore up failing budgets. After increase in the rate of stamp duty on houses towards the higher end of the spectrum the government is now looking at a potential £10 billion

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[Longterminvestor]

Constant milking of the property market is now starting to run dry. Surely the authorities only have themselves to blame for their greed and recklessness?

 

[lookinginvest]

With any luck this will be the wake-up call that the UK government needs to stop targeting the UK property market for more tax income. A £10 billion shortfall is a significant hole in future budgets and one which will need to be addressed. If the London property market was to stagnate or perhaps consolidated at lower levels, could this forecast £10 billion shortfall grow?

 

[PostBrexitInvestor]

I’m not sure why any government would want to increase property taxes at a time when the market is struggling. Perhaps the constant milking of the UK property market is coming to an end? Who will you politicians target next?