Stamp Taxes receipts for April 2025 to June 2025 have been £4.6bn, which is £0.4bn increased than the identical interval final yr. This is based on the most recent stamp duty figures from HMRC.
In June alone consumers paid £1.1bn, a 15% improve from the £918m paid in May.
In complete, homebuyers have paid £6.6bn in Stamp Duty all through the primary six months of the yr, a 21% improve on the £5.4bn paid in the identical interval final yr, based on Coventry Building Society’s evaluation of newest HMRC statistics.
Since April this yr, consumers needed to begin paying Stamp Duty on properties bought over £125,000 – after the nil price threshold dropped from £250,000 on 1st April. This added £2,500 to the tax on a mean priced house – taking it from £1,816 to £4,316
Commenting on the most recent HMRC figures Coventry Building Society head of middleman relationships Jonathan Stinton mentioned: “There’s been a flurry of latest measures to help homebuyers just lately – however they’ve landed simply months after Stamp Duty payments jumped by hundreds.”
He mentioned that whereas the brand new Mortgage Guarantee Scheme and adjustments to affordability guidelines confirmed actual intent to spice up homeownership, these increased tax prices hadn’t gone away.
“With deposits, transferring bills, and authorized charges already stretching individuals skinny, including an enormous tax invoice on high could make transferring really feel out of attain. That sort of stress doesn’t simply have an effect on first time consumers – it might sluggish the entire market down.”
He concluded: “If the federal government actually needs to help individuals at each stage of the journey, reforming Stamp Duty ought to be subsequent on the checklist.”
