Stamp duty receipts reach £15.2bn after threshold changes
Original Article Summary
Stamp duty receipts reached £15.2 billion in 2025 to 2026, up 9.2% year-on-year, following the reduction of the nil-rate threshold from £250,000 to £125,000 in April. The increase has prompted calls from Coventry Building Society for reform to ease upfront costs for homebuyers. The post Stamp duty receipts reach £15.2bn after threshold changes appeared first on PropertyWire.
PropMatch Curated Analysis
HMRC data shows stamp duty receipts rose £1.3bn to £15.2bn in 2025–26 following the April reversion of the nil-rate threshold from £250,000 to £125,000, increasing upfront acquisition costs across the market. Industry voices are calling for reform, but no policy change is imminent.
Investor Relevance
The threshold reversion directly raises acquisition costs for residential investors purchasing properties in the £125,000–£250,000 band, squeezing yields and requiring revised deal modelling. Investors in affordable or mid-market stock — including HMO operators and single-family rental buyers — face the greatest exposure. The scale of the tax increase (£1.3bn uplift nationally) confirms the change is materially affecting transaction economics, not just buyer sentiment.
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