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Brexit subdues property tax take

Brexit had a dampening effect on stamp duty land tax (SDLT) receipts at the end of last year with the figure flatlining at £3.3bn, less than 1% ahead of the tax take recorded in the same quarter in 2018.

Brexit subdues property tax take
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  • Shared by Accountancy Daily
  • February 06, 2020
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There were 314,700 transactions in the quarter, very similar to Q4 2018, and residential stamp duty land tax (SDLT) receipts remained unchanged whilst non-residential receipts increased by less than 2% from £959m in Q4 2018 to £975m in Q4 2019.

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