Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Stamp Duty Receipts Down Despite Threshold Changes
Homebuyers have paid £4.3 billion in Stamp Duty Land Tax so far this year, according to Coventry Building Society’s analysis of HMRC figures. This marks a fall of around 6% compared to the same period last year.
The decrease in receipts comes despite more property purchases being subject to Stamp Duty, following changes to the nil-rate thresholds introduced on 1 April 2025. The nil-rate threshold was reduced from £250,000 to £125,000, increasing the tax bill on an average priced home in England by £2,500 overnight.
For home movers, Stamp Duty on an average priced home in England is now £4,500, up from £2,000 before the threshold change. In April alone, buyers paid £1.3 billion in Stamp Duty. Since the threshold adjustment, buyers have paid a total of £16.4 billion.
Coventry Building Society’s analysis suggests that activity earlier in 2025 may have been temporarily boosted by buyers rushing to complete purchases before the lower thresholds came into force.
These changes are relevant for UK letting agents and inventory clerks, as shifts in Stamp Duty policy can influence market activity and the volume of property transactions.
Source: Mortgage Strategy