The number of people who do not own property has also risen over the past 12 years, according to the Resolution Foundation. The proportion of adults owning multiple properties has jumped by 30% since 2000, according to the thinktank. “The fact there are increasing numbers of people are buying second homes just adds up to even greater inequality in wealth. Changes were also made in Scotland, where stamp duty has been abolished, to mirror the rest of the UK. The government collected almost £2bn from stamp duty in the first three months of 2017, provisional figures released by HMRC in April show.

Source: The Guardian August 19, 2017 15:45 UTC