HMRC’s recently released tax statistics revealed a 5.75 percent overall increase in its receipts over the last 12 months to January 2017, but also show a clear reverse in the UK property market with transactions on a steady monthly decrease since April 2016, accountancy firm Blick Rothenberg has said.

Paul Haywood-Schiefer, assistant manager at Blick Rothenberg, commented: “Whilst the overall tax receipts have seen an increase, there is a clear reverse in the UK property market, as the number of transactions since April 2016 has been on the decline each month when compared to the same month of the previous year. The pos...