Main image: London's housing market generated over £3bn in Stamp Duty receipts last year, over two fifths of the England total • In 2016/17 Stamp Duty receipts from purchases of homes in London generated £3.4 billion for the national exchequer, down slightly from 2015/16 but a vast increase from a low of £96 million in 1992/93, even after adjusting for inflation. • Stamp Duty receipts in London have increased in the last decade due to a combination of higher prices and a higher effective tax rate (see next chart), with Londoners consistently paying higher rates due to the nationally-set thresholds and rates. • London's share of the total national receipts fell from 47% in 2015/16 to 41% in 2016/17, due to faster price growth and higher transaction levels in other regions.
Mayor of London calls for Stamp Duty revenue devolution
Khan pitches to keep SDLT income from the capital for the capital
London Mayor calls for mandatory register to enforce short-term letting rules
Central London councils and the Mayor are looking to quell the growth of Airbnb-style short-let properties in the capital, by imposing a new 'mandatory registration system for anyone wishing to rent out…
Higher rates of stamp duty are likely to stay, says Savills
SDLT income is "just too valuable to the Treasury"
Stamp duty receipts tumble by £1 billion
Latest statistics from HMRC confirm a massive fall from £12.9bn in 2017/18 to £11.9bn in 2018/19, the biggest decline seen since the financial crisis
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‘Landmark’ townhouse sale concluded in Chelsea
'Discerning buyers are focusing on best-in-class assets', says agency, confirming sale of near-£28mn trophy home as part of £100mn deal run.
Savills installs new sales boss in Notting Hill
Dan Martin returned to the agency earlier this year following a stint at UK Sotheby’s International Realty.
‘Westminster’s fastest-selling luxury residential development’ reaches completion
With 70% of apartments sold before completion, Native Land heralds 'not only a design triumph but a commercial success' at 100 George Street.
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Marcus Blake talks us through the Berkeley Group developer's new creative direction, and shows off its first completed in-house design effort.
Property industry reactions: Tories pledge to ‘abolish’ Stamp Duty
Stamp Duty is 'a bad tax, an un-Conservative tax', says Kemi Badenoch.
Homes of the Rich & Famous: Celebrity-owned properties sell twice as fast as ‘normal’ listings
An A-list occupant can generate a huge buzz for a new instruction, reports Beauchamp Estates, but the effect on the property's value is less obvious.
Five-star Belgravia project sets London price records
The Peninsula London has reportedly proved popular with billionaire buyers from the United States.
Grosvenor names new UK CEO
Jamie Whitty-Lewis has been promoted following James Raynor's move to lead the international property business.
Qatari Diar tops £1.5bn sales mark at Chelsea Barracks
Momentum continues at the ultra-luxury Belgravia scheme despite wider market headwinds.
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