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Stamp Duty stats out

ended 11. December 2025

New Stamp Duty statistics have just been published by HMRC. Full report >> here << and headline stats below. Views ASAP please.

  • total stamp tax receipts have risen between financial year 2023 to 2024 and 2024 to 2025, increasing by 23% from £14,815 million to £18,205 million
  • SDLT receipts increased by 20% from £11,615 million to £13,885 million between financial year 2023 to 2024 and 2024 to 2025. This increase is partly explained by the uplift to the HRAD surcharge rate from 3% to 5% effective from 31 October 2024. The increase in total stamp tax receipts is also partially explained by forestalling effects, where buyers sought to purchase properties before the changes to SDLT thresholds became effective from 1 April 2025
  • stamp taxes on shares and other liable securities (SDRT and SD) receipts have risen by 35% from £3,200 million to £4,320 million between 2023 to 2024 and 2024 to 2025
  • residential SDLT receipts have risen by 21% between financial year 2023 to 2024 and 2024 to 2025, from £8,570 million to £10,380 million
  • non-residential SDLT receipts increased by 15% between financial year 2023 to 2024 and 2024 to 2025, from £3,045 million to £3,505 million
  • 211,700 transactions were subject to HRAD surcharge in financial year 2024 to 2025, which gave rise to £2,790 million
  • 19,000 transactions were subject to Non Resident Stamp Duty Land Tax surcharge in financial year 2024 to 2025, which gave rise to £225 million of tax before refunds
  • 155,400 transactions benefitted from FTBR in financial year 2024 to 2025. The total amount of SDLT relieved due to FTBR in financial year 2024 to 2025 was estimated at £772 million, an increase of £232 million compared to 2023 to 2024. Part of the increase is explained by forestalling of FTBR transactions before FTBR thresholds were reduced on 1 April 2025

3 responses from the Newspage community

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Rohit Parmar-Mistry
Founder at Pattrn Data
The Treasury is celebrating a double whammy at the expense of the British homebuyer. Yes, there was a panic to beat the April deadline, but the real story here is the 'stealth tax' of rising prices. As property values creep up, ordinary family homes are being dragged into Stamp Duty brackets that were originally meant for the wealthy. It’s a classic case of the system failing to adapt to reality. We have buyers stretching themselves thin to pay inflated prices, only to find they’ve sleepwalked into a higher tax band because the thresholds haven't kept up with the market. The government hasn’t just benefited from the 'April push'; they’ve cashed in on the fact that 'affordable' housing essentially no longer exists in many parts of the UK. This £18bn receipt isn't a sign of a booming economy, it’s a receipt for a broken market where buyers are paying more for less and the taxman is taking a bigger cut of the struggle.
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Aaron Strutt
Product and Communications Director at Trinity Financial
We are in a pretty sad situation where so many people either won't move or cannot move because of the huge stamp duty bill they would need to pay. The government's tax take is so massive that it is unwilling to make changes to make it less expensive for people to move or even buy another property. This despite ongoing calls to either reduce or even abolish Stamp Duty to help free up the property market. The government does not seem like they are going to back down on stamp duty changes simply because the property market is such a big cash cow.
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Kundan Bhaduri
Entrepreneur, Investor and Landlord at The Kushman Group
The Treasury collected 23% more in stamp duty this year, driven largely by panicked buyers rushing to complete before April's threshold cuts took effect. Look on the flip side and transaction volumes remain stubbornly below trend, house price growth is cooling, and the forestalling effect that boosted Reeves' numbers has already begun to reverse. She is essentially taxing the market that generates her tax base, like a farmer eating his seed corn and calling it a bumper harvest. The stamp duty bonanza masks a deeper truth about Britain's property market. It is being systematically strangled by a government that mistakes short-term revenue grabs for sustainable economic policy.