The number of property transactions has hit its lowest for any quarter since 2015, but general tax take is up across the board fueled by income tax, corporation tax and stamp duty land tax (SDLT), HMRC’s latest statistics have revealed.

Paul Haywood-Schiefer, assistant manager at accounting, tax and advisory practice Blick Rothenberg, analysed the statistics and said: “Year on year comparisons show that UK residential property transactions have been slowing down for the last four months and it is no surprise to see the first quarter’s statistics being the worst quarter since 2015. 

“Although the...