Temporary property tax concession cost UK government much less than expected, research shows

[Nicholas Wallwork]

A 15 month temporary concession in property tax in the UK didn't cost the government as much as it*had expected and the stamp duty system should be reformed, it is claimed.

The stamp duty holiday on properties sold for between £125,000 and £175,000 as a temporary boost*to the real estate market actually cost much less than the Treasury originally estimated,*according to research from the Council of Mortgage Lenders.

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[chris-sussex]

yeah didnt cost them much as nobody could afford to buy!