The UK government's stamp duty land tax rates for first homes have raised £2bn ($2.6bn), according to data from HM Revenue & Customs. However, critics have argued the windfall is little more than a government tax grab, and has done nothing to help make the market more fair. More properties may become available to buy as landlords cope with mortgage relief tax changes, phasing in from April, said Colby Short, CEO of GetAgent.co.uk.
The UK government's stamp duty land tax rates for second homes have raised £2bn ($2.6bn), according to data from HM Revenue & Customs. However, critics have argued the windfall is little more than a government tax grab, and has done nothing to help make the market more fair. More properties may become available to buy as landlords cope with mortgage relief tax changes, phasing in from April, said Colby Short, CEO of GetAgent.co.uk.