Stamp duty receipts reached a record high last quarter, with £3.6bn handed over to the Treasury.
The figure beat the previous record – set in Q2 – by 21%.
However, receipts are expected to plunge, partly due to the doubling of the threshold at which the tax is paid, but also due to the cooling housing market.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
