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…
By PrimeResi
Higher rates of stamp duty are likely to stay, says Savills
SDLT income is "just too valuable to the Treasury"
By PrimeResi
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
By PrimeResi
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By PrimeResi
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