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
What to read next
Think tank outlines London-centric annual property levy to replace Stamp Duty & Council Tax
Another call for a major overhaul of the property tax landscape.
By PrimeResi
Burnham ‘rules out’ scrapping Stamp Duty in the next Budget
But other reports suggest the new government is 'actively looking' to replace council tax & stamp duty with a new system.
By PrimeResi
Influential economists urge incoming PM to scrap stamp duty & council tax for 1% property value tax
UCL report backed by heavyweight thinkers proposes annual levy on property values as part of sweeping tax overhaul.
By PrimeResi
Most read
PCL heavyweight Willis joins Forbes-backed brokerage
EXCLUSIVE: Former Strutt & Parker board member signed up as Founder Partner and MD as Martin Bikhit builds out new UK luxury agency.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
Alex Michelin: How driverless cars will reshape the property market
Luxury development chief says driverless revolution could redraw the prime London map.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
Trio of seasoned London agents sign to D&G’s self-employed broker model
Tania Smith, Dinishka Jayasena & Charlie Rosling previously held senior roles with the likes of Foxtons and Winkworth.
By PrimeResi
London Square picked for 133-home Waterloo scheme
Aldar-owned developer takes on resi element of major new health and life sciences quarter.
Harding Green recruits another top Foxtons agent
Sloane Square ops director makes move to self-employed broker model after nearly 17 years with former firm.
Strutt & Parker names new regional Head of Estates & Farms
Fred Cook has returned to the firm after four years with Prime Purchase.
By PrimeResi
LATEST ARTICLES
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
Savills makes key resi hire in Dubai
Greg Stockton is on board to link UK developers with investors, wealth managers and adviser in the Middle East.
By PrimeResi
$100k-a-month rentals now ‘almost normal’ in Manhattan
Ultra-prime lettings are surging as wealthy New Yorkers 'choose flexibility over ownership'.
In Charts: Surveying England’s housing stock as high value levy looms
Council Tax statistics shine a light on the composition of housing stock across England & Wales, highlighting the relative scarcity of high-value homes as the new surcharge on £2mn+ properties hoves into…
By PrimeResi
Prime London Property Market Snapshot: Week 36, 2026
The number of properties going Under Offer fell to the lowest weekly reading of 2026 so far, as the Bank Holiday quelled activity.
By PrimeResi