Blog Post

Stamp Duty receipts at highest level since 2017

TomS - Head Tom Simper Nov 15, 2021, 13:00 PM
234_Dataloft_inform_Insight

Over £6.6 billion has been collected in residential tax receipts (SDLT and LTT) across England and Wales in the first 9 months of 2021, the highest total since 2017.

This is despite the fact 600,000 sales (56%), did not pay any tax due to the stamp duty holidays, first-time buyer tax relief, or were sold below the taxation threshold.

In England, over 25,600 sales have been for £1 million or more, nearly double the 2017-2019 average, no doubt a significant factor.

5,500 property sales have been subject to the 2% additional surcharge for overseas purchasers since its introduction in England on April 1st, netting the treasury an additional £44 million in tax. Source: Dataloft, HMRC, Stat Wales residential sales.

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"A great company and great experience."

- Andrew

"We would like to give a special thanks to the newest member of staff Aleaya"

- Daniel

"I honestly can’t sing the praises of the Liverpool branch any higher"

- Phoebe

"Abbey was very polite, helpful and informative, very professional."

- Robert

"Yaseen was a truly amazing agent."

- Yasuhira Nomura

"Sean is a really pleasant courteous gentleman to deal with too"

- John

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar