30.11.2011 - UK: Autumn statement 2011: Housing market estimates could lead to GBP6bln black hole
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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