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UK: Autumn statement 2011: Housing market estimates could lead to GBP6bln black hole

Posted on 30 November 2011

Official estimates about the housing market used by the Government could lead to a £6bn black hole in tax receipts, according to estate agent Savills.
The Treasury is assuming measures it has put in place and an upturn in the market will lead to a 21pc increase in transactions in the housing market in two years time, followed by a further 16pc jump in 2014/15. The rise would result in a huge increase in tax receipts from stamp duty………………………………………..Full Article: Source

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