Sharp rise in stamp duty receipts – HMRC
Original Article Summary
The housing market has held up better than some expected, despite the tax environment
PropMatch Curated Analysis
HMRC reports 23% rise in stamp duty receipts to £18.2bn in 2024-25, driven by higher surcharges and pre-April 2025 buying activity. Higher costs are significantly impacting buy-to-let investor viability and market dynamics.
Investor Relevance
Critical for acquisition cost planning - the 5% additional dwelling surcharge has generated £5.4bn, making buy-to-let investments less viable. Regional variations show London generating 37% of receipts, affecting where investors can afford to buy. Timing decisions around threshold changes may have backfired for some investors due to subsequent rate changes.
Original Source:
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