Stamp Taxes receipts for April 2025 to June 2025 have been £4.6bn, which is £0.4bn larger than the identical interval last yr. This is in response to 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 last yr, in response to (*6*) 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 fee threshold dropped from £250,000 on 1st April. This added £2,500 to the tax on a median priced residence – taking it from £1,816 to £4,316
Commenting on the most recent HMRC figures (*6*) Building Society head of middleman relationships Jonathan Stinton stated: “There’s been a flurry of latest measures to help homebuyers not too long ago – however they’ve landed simply months after Stamp Duty payments jumped by 1000’s.”
He stated that whereas the brand new Mortgage Guarantee Scheme and modifications to affordability guidelines confirmed actual intent to spice up homeownership, these larger tax prices hadn’t gone away.
“With deposits, shifting bills, and authorized charges already stretching folks skinny, including a giant tax invoice on high could make shifting really feel out of attain. That form of strain doesn’t simply have an effect on first time consumers – it will possibly sluggish the entire market down.”
He concluded: “If the federal government actually needs to help folks at each stage of the journey, reforming Stamp Duty must be subsequent on the listing.”
