HM Revenue & Customs’ income from stamp duty land tax has jumped by a third in just one year, reaching GBP9.2 billion in 2013-2014. Fiscal drag, increasing property prices and a more lively residential market all contributed to the increase, as did the tax collected from non-resident investors in high-value London properties. However the effect has been felt throughout Northern Ireland as well as it imposes and additional cost on developers acquiring development land both for oublic and private housinng
Kevin Neary Donnelly Neary & Donnelly Newry
