‘The richest home buyers in Britain are costing the country as much as £1bn a year in lost stamp duty on house sales. Research by The Times shows that wealthy British and foreign buyers of one in three houses sold for more than £1m are avoiding the 5% stamp duty.’
‘The richest home buyers in Britain are costing the country as much as £1bn a year in lost stamp duty on house sales. Research by The Times shows that wealthy British and foreign buyers of one in three houses sold for more than £1m are avoiding the 5% stamp duty.’
The Times, 26 November 2011
‘Today The Times reveals the extent of the avoidance of stamp duty on house purchases, which is losing the Treasury as much as £1bn a year. At the top of the market it has become almost standard practice for house buyers to dodge stamp duty by using one of countless schemes dreamt up by ingenious lawyers and accountants. Some of these wheezes have been stopped.
‘But HMRC lets many others run on, arguing that it costs too much to close them down. This leaves the impression that there is one law for the rich and one for the rest of us — that we are not all in it together.’
‘The richest home buyers in Britain are costing the country as much as £1bn a year in lost stamp duty on house sales. Research by The Times shows that wealthy British and foreign buyers of one in three houses sold for more than £1m are avoiding the 5% stamp duty.’
‘The richest home buyers in Britain are costing the country as much as £1bn a year in lost stamp duty on house sales. Research by The Times shows that wealthy British and foreign buyers of one in three houses sold for more than £1m are avoiding the 5% stamp duty.’
The Times, 26 November 2011
‘Today The Times reveals the extent of the avoidance of stamp duty on house purchases, which is losing the Treasury as much as £1bn a year. At the top of the market it has become almost standard practice for house buyers to dodge stamp duty by using one of countless schemes dreamt up by ingenious lawyers and accountants. Some of these wheezes have been stopped.
‘But HMRC lets many others run on, arguing that it costs too much to close them down. This leaves the impression that there is one law for the rich and one for the rest of us — that we are not all in it together.’
