Article: Money from stamp duty rockets to record pounds 6.4bn; HOUSING.(Business)

Byline: By John Duckers Business Editor

Stamp duty revenues soared by 40 per cent during the past tax year to reach a record pounds 6.4 billion, figures showed. The amount of tax the Government collects from the sale of residential property has risen by 140 per cent in the five years to April 2007, according to Halifax, which analysed figures from HM Revenue & Customs.

The group said properties that had to pay stamp duty at the higher rates of three per cent and four per cent of their price now ...

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