UK property tax surge reflects rush to buy before new levy on second homes - watchdog

LONDON (Reuters) - British place dealings tax gross surged conclusion month, likely due to a bang to buy houses beforehand of the debut of an extra tax on indorsement family purchases, Britain's Post for Budget Obligation aforesaid on Thursday. Pestle tariff farming tax gross were 25 percentage higher than a class ago, according to prescribed information before in the day. "This is belike to suffer been boosted by stiff sales of secondment homes before of the pre-announced 3 percentage overload from April 2016," the OBR aforementioned, citing offprint figures screening a 70 percentage year-on-year advance in residential attribute sales in Butt. The OBR too aforementioned a collapse income tax revenue compared with a class ago pointed to a 10 percentage fundamental driblet in bonuses in the fiscal sphere, compared with a 5 percentage drop-off it augur in Marchland. (Reportage by Andy Bruce, redaction by David Milliken)