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.
Where to Rent in Brighton: A Guide to the Best Neighbourhoods
24th January 2025
It’s that time of year again—Christmas has come and gone, the festive buzz is fading, and New Year’s resolutions are…
Employee of the month – December
14th January 2025
We are thrilled to announce that Firdows, our dedicated Finance Administrator, has been awarded the Employee of the Month! Firdows…
Renters Rights Bill update
14th January 2025
The Renters Rights Bill returns to the House of Commons today, 14th January 2025. MP’s will be discussing the latest…
