Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Stamp Duty and Inheritance Tax Revenues Climb in June 2026
HMRC figures show that property purchases generated £1.24 billion in stamp duty receipts in June 2026, a 16% increase from £1.07 billion collected in May. Inheritance tax revenue also reached its highest monthly level on record, rising 19% between May and June to £871 million.
Year-on-year, stamp duty receipts for June 2026 were 17% higher than June 2025, when £1.06 billion was collected. Over the two-month period from April to June 2026, stamp duty receipts totalled £5.1 billion, which is £0.5 billion more than the same period last year.
Inheritance tax receipts for June 2026 were up from £738 million in June 2025. Between April and June 2026, inheritance tax receipts amounted to £2.3 billion, an increase of £96 million compared to the same period last year.
Calls for Stamp Duty Reform
On his second day as Prime Minister, Andy Burnham has received a list of demands from the property industry, including calls for reforming stamp duty. Before taking office, Burnham advocated for replacing council tax and stamp duty with a land value tax. Angela Rayner has been re-appointed as Secretary of State for Housing, Communities and Local Government in Burnham’s reshuffle.
These developments are relevant for UK letting agents and inventory clerks, as changes to stamp duty and property tax structures could impact property transactions and the wider lettings market.
Source: Mortgage Solutions