Stamp Duty Land Tax decrease
8th November 2019
At £8.32 billion, Treasury coffers netted £750 million less in residential SDLT (Stamp Duty Land Tax) receipts across England in the financial year to the end of April, compared to 2017/18. This is despite just 16,000 fewer transactions taking place.
All regions witnessed a fall in receipts except for the East and West Midlands. The London market accounts for over half the fall, with receipts down by more than 10% over the year, the equivalent to £380 million.
45% of SDLT income in England and 38% of LTT income across Wales, is attributable to properties that were subject to the Higher Rate of Additional Dwellings tax, the 3% element accounting for a fifth of total receipts collected.
Across England close to 214,000 first-time buyers benefited from Stamp Duty Relief, a loss to the Treasury of over half a billion.
Brighton & Hove Property Market Update 2025
24th April 2025
If you’ve been thinking about selling in Brighton or Hove, you’ve probably had a few questions running through your head:…
Confidence Creeping Back? What the Latest Sales Market Data Is Telling Us
23rd April 2025
After a period of economic uncertainty and slower transaction volumes, early 2025 is starting to show renewed energy across the…
Staying Ahead of the Curve: 5 Smart Ways Brighton Landlords Can Stay Compliant with EPC Changes
9th April 2025
Energy efficiency has become a central focus for UK landlords. And in Brighton with our mix of Victorian terraces, seaside…
