Official data confirm sharp drop in transactions after SDLT holiday

The Stamp Duty holiday "is not a dealbreaker for most buyers (especially at the top end)", says Savills, after surveying 1,300 prime property buyers and sellers.

Each residential property transaction adds an average of £9,559 to the UK economy, according to some sums by Knight Frank and the Home Builders Federation.

HMRC brought in £775m in Stamp Duty receipts in the year to February 2021, £49m less than the £824m recorded in February 2020.