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Coverage:

United Kingdom up to April 2015 -

Released:

29 September 2017

Next release:

28 September 2018

Frequency of release:

Yearly

Media contact:

HMRC Press Office (for individuals)

03000 585 024

Statistical contacts:

Nadia Ahmed

03000 586 162

Lisa Eyers

03000 517 149

[email protected]

HM Revenue and Customs

100 Parliament Street

London

SW1A 2BQ

Website:

https://www.gov.uk/government/collections

/stamp-duties-statistics

Annual

Stamp Tax

2016-17

Statistics

England, Wales and Northern Ireland

from April 2015

(Formerly UK Stamp Tax Statistics)

KAI Indirect Taxes, Customs and Co-

ordination

mailto:[email protected]

https://www.gov.uk/government/collections/stamp-duties-statistics


Contents

Chapter Format Statistics Table reference

Commentary Guidance on the statistics

Commentary Executive Summary

1 Commentary Classification of net receipts, 2002-03 to 2016-17 1

2 Commentary Property transactions and SDLT receipts 2

3 Commentary Property transactions and SDLT receipts by region 3a

4 Commentary Property transactions and SDLT receipts by price band 4a

5 Commentary Property transactions and SDLT receipts in 2016-17 by price band and region 5a

6 Commentary Property transactions and SDLT receipts in 2016-17 by type of buyer and price band 6

7 Commentary Additional property transactions and SDLT receipts 3b,4b,5b

8 Commentary SDLT by local authority and parliamentary constituency 7a,7b,8a,8b

Map Change in average residential SDLT receipts, 2016-17

Map Change in average non-residential SDLT receipts, 2016-17

Map Percentage change in the number of residential transactions, 2016-17

Map Percentage change in the number of non-residential transactions, 2016-17

Map Additional properties transactions as a proportion of residential transactions, 2016-17

Reference

R0 Information Background

R1 Table Changes to duty rates

R2 Information Other information

Bulletin is Crown copyright. Information may be used provided that the source is acknowledged.

29 September 2017

28 September 2018

Website: https://www.gov.uk/government/collections/stamp-duties-statistics

Produced by: KAI Indirect Taxes, Customs and Co-ordination

E-mail : [email protected]

Release Date:

Next Release:

HMRC Annual Stamp Tax Statistics, 2016-17



Guidance on the statistics

Guidance on the statistics

Additional Property Statistics

➢ Table 3b: Additional property transactions and SDLT receipts by region

➢ Table 4b: Additional property transactions and SDLT receipts by price band

Key terms used throughout the publication

Symbols and Conventions

The tables use the following symbols and conventions:

➢ Table 7b: Estimated number of additional property transactions, property value and receipts by

Local Authority, 2016-17

This publication presents the yearly totals and breakdowns of Stamp Taxes collected for the two

main categories of 'Land and property' and 'Stocks and shares and other liable securities'. It also

incorporates annual estimates of the number of residential and non-residential property

transactions, which were previously published in the Annual UK Property Transactions Statistics

publication. The figures are based on HMRC's Stamp Duty Land Tax (SDLT) database, which

records the information submitted by property purchasers on the Land Transaction Return. More

detail on the data, sources and methodology can be found in Reference R0.

From 1 April 2015 SDLT was devolved to the Scottish Government and was replaced with Land

and Buildings Transactions Tax (LBTT). This year's publication continues to cover SDLT for

England, Wales and Northern Ireland, whilst Revenue Scotland publishes information separately

on LBTT. As Scotland is excluded from 2015-16, the totals are not directly comparable with

earlier years. More information on LBTT and Revenue Scotland's publications can be found in

Reference R0.

These statistics are generally used by analysts, academics and policy makers to examine

movements and trends in the UK property market or taxation trends. They are best used in

conjunction with other indicators.

This edition of the Annual Stamp Tax Statistics Publication includes new data on additional

properties, including the following:

➢ Table 5b: Additional property transactions and SDLT receipts in 2016-17 by price and region

➢ Table 8b: Estimated number of additional property transactions, property value and total

receipts by type of property and Westminster Parliamentary Constituency, 2016-17

Residential property - Residential property refers to a building used or suitable for use as a

dwelling, or is in the process of being constructed to use as a dwelling, the garden or grounds of

such building, including structures on the garden or grounds, an interest or right in or over land

that benefits a dwelling, for example a right of way to access the dwelling. A fuller definition can

be found here:

https://www.legislation.gov.uk/ukpga/2002/23/part/4

Non-residential property - Non-residential property includes commercial property (such as

shops or offices), agricultural land, bare land (even where that land may subsequently be used

for residential purposes), forests, any other land or property which is not used as a residence, 6

or more residential properties bought in a single transaction and mixed use properties (one with

both residential and non-residential elements). Mixed use transactions, that is the purchase of

residential and non-residential properties together in a single transaction, is currently considered

a non-residential transaction for SDLT purposes.

Additional property - Additional property refers to additional residential property, such as buy-to-

let properties and second homes.


https://www.legislation.gov.uk/ukpga/2002/23/part/4

'*' Not applicable

'..' Data are not available

'P' Data are provisional

'R' Data have been revised

'-' Denotes that the figure would round to 0


Executive Summary

Key messages

Residential Properties

Non-residential Properties

➢ Residential properties where the value is less than £1 million accounted for 70% of residential

property receipts and 98% of residential property transactions.

➢ £3,175 million of SDLT was paid on 121,000 non-residential transactions. Non-residential

SDLT receipts decreased by 6% and transactions increased by 6% from the previous year.

➢ In 2016-17, the local authority with the highest SDLT receipts from residential property

transactions was Westminster with £508 million, representing 6% of all residential SDLT receipts.

The highest yielding parliamentary constituency for residential SDLT was Cities of London and

Westminster (£398 million).

➢ On 1 April 2016, the SDLT rates for non-residential properties were reformed moving from a

‘slab’ to a marginal rate ‘slice’ system. Like residential properties, the tax was made more

progressive, increasing the amount of SDLT payable on properties with higher premium values

and leases.

➢ Of properties valued at £1 million or less, 37% of receipts were from additional properties.

➢ Of properties valued at more than £1 million, 44% of receipts were from additional properties.

➢ The mean value of non-residential property transactions decreased by around 12% to

£984,000 and the mean amount of SDLT received per non-residential transaction was £26,100, a

decrease of 11% from the previous year.

➢ The total stamp taxes collected in 2016-17 were £15,480 million, an increase of 11% from the

previous year. There was an increase in receipts across all taxes; other stamp taxes on shares

(mainly Stamp Duty Reserve Tax) increased by 12% from £3,320 million to £3,714 million in 2016-

17, and Land and Property Stamp Taxes increased by 10% to £11,766 million in 2016-17.

➢ In 2016-17, SDLT receipts in England increased by £1,015 million (10%) compared with 2015-

16. SDLT receipts increased in Wales by £55 million and by £15 million in Northern Ireland.

These increases are associated with the introduction of the Additional Properties rates.

➢ The mean value of residential property transactions increased very slightly from £272,000 to

£275,000 in 2016-17. The mean amount of SDLT received per residential transaction increased

by 27% to £7,900.

➢ £8,590 million of SDLT receipts were paid on 1.09 million residential transactions. Residential

SDLT receipts increased by 17% and transactions fell by 8% from the previous year. This

increase in receipts is due to the introduction of the higher rates of SDLT on additional properties,

whereby purchasers pay an extra 3% SDLT on the purchase price.

➢ In 2016-17, 97.6% of total SDLT (Stamp Duty Land Tax) revenue came from transactions in

England (£11,485 million), with Wales accounting for 1.8% and Northern Ireland 0.6%. Within

England, transactions in London contributed the most SDLT revenue (£4,525 million, 39% of total

receipts), followed by the South East (£2,440 million, 21% of total receipts).

➢ In 2016-17 transactions where the value of the property was £250,000 or less accounted for

64% of transactions, but only accounted for 12% of total SDLT receipts. Properties over £1

million accounted for 3% of transactions and 42% of total SDLT receipts.


New statistics: Additional Properties

➢ For non-residential properties, where the value is between £5 million and £10 million, this

accounted for 54% of non-residential property receipts and 3% of non- residential property

transactions.

➢ There were 211,000 additional property transactions in 2016-17, accounting for 19% of

residential transactions.

➢ For non-residential property transactions, the highest yielding local authority was also

Westminster with £332 million, representing 11% of all non-residential SDLT receipts. The

highest yielding parliamentary constituency was also Cities of London and Westminster (£343

million).

➢ Since 1 April 2016 additional residential properties purchases are now subject to a higher rate

of SDLT.

➢ In England’s regions, London contributed the most SDLT revenue from additional property

transactions (£1,390 million, 43% of total SDLT receipts from additional property transactions),

followed by the South East (£635 million, 20%).

➢ Of the total additional properties SDLT revenue in 2016-17, 97% came from transactions in

England (£3,265 million), with Wales accounting for 2% (£70 million) and Northern Ireland 1%

(£25 million).

➢ £3,360 million of SDLT was paid on additional property transactions (of which £1,705 million is

attributed to 3% element receipts), accounting for 39% of residential SDLT receipts.

➢ The mean value of additional property transactions was £276,000 in 2016-17. The mean

amount of SDLT received per additional property transaction was £16,000 in 2016/17.

➢ Additional properties where the value was £1 million or less brought in £2,240 million in SDLT

receipts, accounting for 67% of SDLT from additional properties and 26% of SDLT from all

residential properties. Of the price bands over £1 million, properties valued at over £1 million to

£1.5 million had the highest SDLT receipts (£280 million), accounting for 8% of SDLT from

additional properties and 3% of SDLT from all residential properties.

➢ Additional properties' receipts as a proportion of residential properties receipts varied across

the regions. The region with the highest proportion of residential receipts from additional

properties was Northern Ireland at 62%. Northern Ireland also had the lowest property value

(relative to other regions). The region with the lowest proportion of residential receipts from

additional properties was the East of England at 35% (£325 million).

➢ The parliamentary constituency with the highest proportion of additional property transactions

to residential transactions was Salford and Eccles both at 36%.

➢ The local authority with the highest proportion of additional property transactions to residential

transactions was Kensington and Chelsea at 36%.


Commentary and Charts

Key messages

Land and property

Table 1A: Land & Property and New Leases net receipts, 2002-03 to 2016-17, (£m)

Financial Year 2002-

03

2003-

04

2004-

05

2005-

06

2006-

07

2007-

08

2008-

09

2009-

10

2010-

11

2011-

12

2012-

13

2013-

14

2014-

15

2015-

16

2016-

17

Land & Property 4,744 4,583 5,308 6,644 8,307 9,042 4,200 4,221 5,422 5,602 6,359 8,608 9,913 9,509 10,429

New Leases 267 403 944 810 1,328 916 596 665 539 524 548 665 825 1,173 1,337

(rounded to the nearest £ million)

Classification of net receipts, 2002-03 to 2016-17

Chart 1A: Land and property stamp tax receipts, 2002-03 to 2016-17

The value of stamp taxes collected from 'new leases' was £1,337 million and from other 'Land and property' was £10,429

million. This implied an increase of 14% (£164 million) and 10% (£921 million) respectively when compared with 2015-16.

Chart 1A and Table 1A show the historic time series for Land and Property Stamp Taxes receipts.

1

➢ The total stamp taxes collected in 2016-17 were £15,480 million, an increase of 11% from the previous year. There

was an increase in receipts across all taxes; other stamp taxes on shares (mainly Stamp Duty Reserve Tax) increased by

12% from £3,320 million to £3,714 million in 2016-17, and Land and Property Stamp Taxes increased by 10% to £11,766

million in 2016-17.

Stamp taxes on land & property (other than new leases) showed continuous year-on-year rises between 2003-04 and

2007-08. There was a sharp downturn in the property market in 2008-09 coinciding with the credit crunch and recession.

This can be seen by a steep reduction in receipts recorded in that year with the total SDLT collected roughly halving.

Since 2008-09, SDLT has shown a year on year growth in receipts. This can be attributed to a recovery in the housing

market and the introduction of higher SDLT rates on property transactions over £1 million.

Over the past few years, there have been a number of major tax policy reforms affecting SDLT receipts. The structure of

residential SDLT was subject to major reform in December 2014 therefore the figure for 2014-15 includes tax collected

under both the new and old systems. Prior to 4 December 2014 SDLT was charged on the entire consideration. Since

then, SDLT for residential property is charged at different rates depending on the portion of the purchase price that falls

within each rate band. The reforms mean that less SDLT was paid on the majority of residential transactions.

0

2,000

4,000

6,000

8,000

10,000

12,000

20

02

-03

20

03

-04

20

04

-05

20

05

-06

20

06

-07

20

07

-08

20

08

-09

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-10

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-12

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12

-13

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SDLT

(£

m)

Land & Property New Leases

0

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7

Land & Property New Leases


Stocks and shares and other liable securities

Table 1B: Stocks and shares (and other liable securities) net receipts, 2002-03 to 2016-17, (£m)

Financial Year2002-

03

2003-

04

2004-

05

2005-

06

2006-

07

2007-

08

2008-

09

2009-

10

2010-

11

2011-

12

2012-

13

2013-

14

2014-

15

2015-

16

2016-

17

SDRT 2,249 2,270 2,344 2,807 3,250 3,676 2,925 2,776 2,711 2,482 1,935 2,774 2,581 2,606 2,716

Other 289 289 372 657 508 490 278 241 260 312 300 333 344 714 998


More detailed statistics on net receipts can be found in Table 1 of the accompanying Excel tables, available here:https://www.gov.uk/government/statistics/uk-stamp-tax-statistics

"Other stamp taxes on shares" showed a generally increasing trend from 2009-10 to 2016-17, falling slightly in 2012-13.

"Other stamp taxes on shares" are currently at their highest level, increasing by 245% since 2003-04.

https://www.gov.uk/government/publications/stamp-duty-and-stamp-duty-reserve-tax-transfer-schemes-of-arrangement

Over the past few years, there have been a number of major tax policy reforms affecting SDLT receipts. The structure of

residential SDLT was subject to major reform in December 2014 therefore the figure for 2014-15 includes tax collected

under both the new and old systems. Prior to 4 December 2014 SDLT was charged on the entire consideration. Since

then, SDLT for residential property is charged at different rates depending on the portion of the purchase price that falls

within each rate band. The reforms mean that less SDLT was paid on the majority of residential transactions.

Stamp Duty Reserve Tax (SDRT) showed continuous year-on-year rises from 2002-03 to 2007-08. In 2008-09 the

economic downturn led to steep reductions in receipts recorded that year, with SDRT dropping by 20%. SDRT then

showed a steady year on year decline until 2013-14 when it rose significantly, and has been fairly stable since then.

Chart 1B: Stocks and shares (and other liable securities) stamp tax receipts, 2002-03 to 2016-17

The value of stamp taxes collected from Stamp Duty Reserve Tax (SDRT) was £2,716 million, with a further £998 million

received from 'Other stamp taxes on shares'. This implied a 4% increase (£110 million) and a 40% increase (£284

million) for each category, respectively, compared with 2015-16. Chart 1B and Table 1B shows the historic time series for

stocks and shares (and other liable securities) stamp taxes receipts.

The large increase in "Other stamp taxes on shares" for 2015-16 was in large part due to legislative changes for transfer

schemes of arrangement and the resulting tax status. More information can be found via this link:

In April 2015, SDLT in Scotland was devolved to the Scottish Government, and is now known as Land and Buildings

Transactions Tax. Figures for SDLT from 2015-16 onwards do not include any receipts from Scotland and are therefore

not directly comparable with previous years. The fall in SDLT receipts in 2015-16 compared with 2014-15 is due to both

the absence of SDLT from Scotland and the fact that 2015-16 was the first full financial year of the new SDLT regime.

The increase in receipts in 2016-17 is associated with the introduction of the higher rates of SDLT charged on additional

residential properties.

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

20

02

-03

20

03-0

4

20

04

-05

20

05

-06

20

06

-07

20

07

-08

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-17

Sta

mp ta

x (

£m

)

SDRT Other


https://www.gov.uk/government/statistics/uk-stamp-tax-statistics

https://www.gov.uk/government/publications/stamp-duty-and-stamp-duty-reserve-tax-transfer-schemes-of-arrangement

Property transactions and SDLT receipts


Key messages

Property transactions by property type, 2007-08 to 2016-17

➢ The mean value of residential property transactions increased very slightly from £272,000 to £275,000 in 2016-

17. The mean amount of SDLT received per residential transaction increased by 27% to £7,900.

➢ Of properties valued at £1 million or less, 37% of receipts were from additional properties.

➢ Of properties valued at more than £1 million, 44% of receipts were from additional properties.

2

Chart 2A: Number of property transactions, 2007-08 to 2016-17

➢ The mean value of non-residential property transactions decreased by around 12% to £984,000 and the mean

amount of SDLT received per non-residential transaction was £26,100, a decrease of 11% from the previous year.

➢ £8,590 million of SDLT receipts were paid on 1.09 million residential transactions. Residential SDLT receipts

increased by 17% and transactions fell by 8% from the previous year. This increase in receipts is due to the

introduction of the higher rates of SDLT on additional properties, whereby purchasers pay an extra 3% SDLT on the

purchase price.

➢ £3,175 million of SDLT was paid on 121,000 non-residential transactions. Non-residential SDLT receipts

decreased by 6% and transactions increased by 6% from the previous year.

➢ On 1 April 2016, the SDLT rates for non-residential properties were reformed moving from a ‘slab’ to a marginal

rate ‘slice’ system. Like residential properties, the tax was made more progressive, increasing the amount of SDLT

payable on properties with higher premium values and leases.

The number of residential property transactions fell by almost half between 2007-08 and 2008-09 and then

gradually increased until 2014-15. The number of non-residential transactions has remained fairly stable over this

period. Chart 2A and Table 2A show the time series for the number of property transactions.

0

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1,200

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Residential Non-residential


Table 2A: Number of property transactions by property type, 2007-08 to 2016-17, (thousands)

Property type 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Residential 1,532 814 898 881 917 928 1,131 1,207 1,184 1,094

Non-residential 142 112 92 100 99 99 108 117 114 121

(rounded to the nearest thousand transactions)

Stamp duty land tax receipts by property type, 2007-08 to 2016-17

Table 2B: SDLT receipts by property type, 2007-08 to 2016-17, (£m)

Property type 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Residential 6,680 2,950 3,290 4,040 4,215 4,905 6,450 7,500 7,310 8,590

Non-residential 3,280 1,845 1,595 1,920 1,910 2,005 2,825 3,240 3,370 3,175

(rounded to the nearest £5 million)

Residential property receipts

Chart 2B: SDLT receipts, 2007-08 to 2016-17

Residential property receipts are at their highest level (£8,590 million) and increased by 17% from the previous

year, despite residential transactions being at their lowest since 2012-13 and estimated property values being at

their lowest since 2013-14.

SDLT receipts from residential transactions fell slightly in 2015-16, again coinciding with the devolution of SDLT to

the Scottish Government and the reforms in the residential SDLT regime, but have since risen to £8,590 million in

2016-17 due to the extra SDLT charged on additional properties. Chart 2B and Table 2B show the time series for

SDLT receipts.

Transactions for residential properties fell by 8% and rose by 6% for non-residential properties in 2016-17. The

downward trend in residential property transactions in recent years coincides with the devolution of SDLT to the

Scottish Government, so data from 2015-16 onwards only includes transactions in England, Wales and Northern

Ireland. The announcement at Autumn Statement in 2015 of the introduction of the Additional Properties rates in

April 2016 caused changes in taxpayer behaviour, where purchases were brought forward into the first quarter of

2016 so that they would not be liable for the higher rates. Caution is therefore advised when making comparisons in

transaction counts between years.

SDLT receipts from residential and non-residential property transactions also fell between 2007-08 and 2008-09,

but have risen since. Chart 2B and Table 2B below show the time series for SDLT receipts.

0

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7

SD

LT

(£

m)



Non-residential property receipts


More detailed statistics on property transactions and SDLT receipts can be found in Table 2 of the

accompanying Excel tables, available here:

SDLT receipts from residential transactions fell slightly in 2015-16, again coinciding with the devolution of SDLT to

the Scottish Government and the reforms in the residential SDLT regime, but have since risen to £8,590 million in

2016-17 due to the extra SDLT charged on additional properties. Chart 2B and Table 2B show the time series for

SDLT receipts.

Between 2007-08 and 2015-16 non-residential receipts increased slightly by 3%, peaking at £3,370 million, and

estimated property values increased by 9%. Since 2015-16 non-residential receipts have fallen by 6% and

estimated property values have decreased by 7%.

On 1 April 2016, the SDLT rates for non-residential properties were reformed. Like residential properties, the tax

was made more progressive, increasing the amount of SDLT payable on properties with a premium value of more

than £1 million. At the same time, the rates of SDLT payable on non-residential leases were also altered so that

those valued above £5 million would pay more and lower valued properties pay less.



Property transactions and SDLT receipts by regionCommentary and Charts

Key messages

SDLT receipts by country and region, 2007-08 to 2016-17

Chart 3A: SDLT receipts from London, South East, East of England & the rest of England, 2007-08 to 2016-17

Chart 3B: SDLT receipts from Wales, Scotland and Northern Ireland, 2007-08 to 2016-17

(Chart 3A and Table 3A 'Rest of England' includes the North East, North West, Yorkshire and the Humber, East

Midlands, West Midlands and South West.)

3

➢ In 2016-17, SDLT receipts in England increased by £1,015 million (10%) compared with 2015-16. SDLT receipts

increased in Wales by £55 million and by £15 million in Northern Ireland. These increases are associated with the

introduction of the Additional Properties rates.

➢ In 2016-17, 97.6% of total SDLT revenue came from transactions in England (£11,485 million), with Wales

accounting for 1.8% and Northern Ireland 0.6%. Within England, transactions in London contributed the most SDLT

revenue (£4,525 million, 39% of total receipts), followed by the South East (£2,440 million, 21% of total receipts).

Charts 3A and 3B show the time series for SDLT receipts for regions in England, and other regions in the UK. Table

3A shows the time series across all regions in England and other regions in the UK.

0

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SD

LT

receip

ts (

£m

)

London South East East of England Rest of England

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SD

LT

receip

ts (

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)

Wales Scotland Northern Ireland


Region 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

London 2,995 1,455 1,550 2,005 2,385 2,860 3,915 4,280 4,765 4,525

South East 1,835 880 1,030 1,220 1,175 1,340 1,735 2,060 2,110 2,440

East of England 920 440 490 565 535 585 775 980 990 1,245

Rest of England 3,145 1,510 1,425 1,685 1,605 1,695 2,275 2,725 2,610 3,270

Wales 215 120 100 115 125 105 145 170 155 210

Scotland 570 325 250 330 275 285 390 480 * *

Northern Ireland 280 65 40 40 30 35 40 50 55 75


Annual changes in property transactions and SDLT receipts by region and property type

Charts 3C and 3D show the annual percentage change in the number of transactions and SDLT by region.

This difference can be attributed to the contrasting conditions in the London housing market compared with the rest

of the country, as well as highlighting the fact that the higher rates of SDLT on property transactions worth more

than £1 million mostly affect London and the surrounding regions. London and the South East have seen the

greatest levels of house price growth over time.

Chart 3C: Annual percentage change in number of transactions by region

In 2008-09 all regions saw a sharp decline in total SDLT receipts. The declines across the countries and regions

were between 43% and 77%. Since 2008-09, SDLT receipts have grown in all regions, and levels have surpassed

the last market peak in most regions in England.

Table 3A: SDLT receipts from England (regions), Wales, Scotland and Northern Ireland, 2007-08 to 2016-17,

(£m)

SDLT receipts from Wales increased by 74%, and by 11% in Northern Ireland in the period from 2008-09 to 2016-

17.

Between 2008-09 and 2016-17, SDLT receipts grew by 211% in London, 182% in the East of England and by 178%

in the South East. Other English regions saw between 61% and 128% growth in the same period. This can be

attributed to both a recovery in transaction levels over time, and major reforms to the SDLT regime, which resulted

in higher rates being charged on higher value properties and additional property purchases.

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

No

rth

East

No

rth

West

York

shir

e a

nd th

e H

um

ber

East M

idla

nd

s

West M

idla

nd

s

East of

En

gla

nd

Lo

ndo

n

South

East

South

West

Wale

s

No

rth

ern

Ire

lan

d

All

regio

ns



Residential property receipts

Non-residential property receipts


More detailed statistics on property transactions and SDLT receipts by type of property and region can be

found in Table 3a of the accompanying Excel tables, available here:

Chart 3D: Annual percentage change in SDLT receipts by region

The number of residential transactions in 2016-17 has decreased in every region by between 1% and 17%

compared with 2015-16. The number of non-residential transactions has decreased in every region apart from

London by between 4% and 12% over the same period. The rate of growth was lowest for both residential and non-

residential properties in London.

SDLT receipts decreased across all other regions. The region that had the largest decrease in SDLT receipts was

the North East (-29%) accounting for 2% of total non-residential property receipts, followed by London (-20%)

accounting for 35% of non-residential receipts.

The impact of the changes in stamp duty rates on residential properties in December 2014 was seen in the following

year 2015-16, where there was an overall dip in receipts despite increasing numbers of transactions and total

property transaction values. However in 2016-17 SDLT receipts from residential properties increased across all

regions due to the introduction of the additional properties rates, and surpassed their last peak in 2007-08 for all

regions apart from the North East and Northern Ireland.

The region that saw the biggest increase was Northern Ireland, by 95% from 2015-16, but these receipts only

accounted for 0.5% of total residential property receipts. The smallest increase from 2015-16 was seen in London,

which increased by only 1% but accounted for 40% of receipts from residential properties.

SDLT receipts from non-residential property increased in the East Midlands, East of England and South East. The

region that had the largest increase in SDLT (22%) accounting for 9% of non-residential property receipts was the

East of England, followed by the East Midlands (17%) accounting for 5% of non-residential property receipts.

-40%

-20%

0%

20%

40%

60%

80%

100%

120%

No

rth

East

No

rth

West

York

shir

e a

nd th

e H

um

ber

East M

idla

nd

s

West M

idla

nd

s

East

Lo

ndo

n

South

East

South

West

Wale

s

No

rth

ern

Ire

lan

d

All

regio

ns




Property transactions and SDLT receipts by price bandCommentary and Charts

Key messages

Total property transactions and SDLT receipts by property price band, 2007-08 to 2016-2017

Table 4A: Total property transactions by value of property, 2007-08 to 2016-17, (hundreds)

Price band 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

£250k or less 1,300,300 748,900 793,500 754,100 790,200 787,500 926,800 946,900 849,700 772,700

Over £250k to £1m 343,500 159,600 180,700 206,400 206,400 219,500 285,500 343,900 415,000 411,600

Over £1m 29,900 16,800 16,600 20,800 19,800 20,300 26,800 32,200 33,400 30,900

(rounded to the nearest hundred transactions)

4

Chart 4A: Total property transactions by value of property, 2007-08 to 2016-17

By contrast, 42% of total SDLT revenues in 2016-17 came from properties valued over £1 million, up from 36% in

2007-08. Total transactions valued over £5 million generated 19% of total SDLT receipts, and these were mainly non-

residential transactions (77%).

The increasing share of receipts from high value property in 2016-17 is a result of the December 2014 residential

SDLT reforms as well as underlying price growth.

The proportion of property transactions where the value of the property was £250,000 or less decreased in 2016-17

compared with 2007-08, from 78% to 64%. This is unsurprising given the level of house price growth in recent years.

The proportion of total SDLT revenues from these properties also decreased, from 18% to 12%.

➢ In 2016-17 transactions where the value of the property was £250,000 or less accounted for 64% of transactions,

but only accounted for 12% of total SDLT receipts. Properties over £1 million accounted for 3% of transactions and

42% of total SDLT receipts.

➢ Residential properties where the value is less than £1 million accounted for 70% of residential property receipts and

98% of residential property transactions.

➢ For non-residential properties, where the value is between £5 million and £10 million, this accounted for 54% of non-

residential property receipts and 3% of non- residential property transactions.

0

100

200

300

400

500

600

700800

900

1,000

1,100

1,200

1,300

1,4001,500

1,600

1,700

20

07-0

8

20

08-0

9

20

09-1

0

20

10-1

1

20

11-1

2

20

12-1

3

20

13-1

4

20

14-1

5

20

15-1

6

20

16-1

7

Nu

mb

er o

f tr

ansa

ctio

ns

(th

ou

san

d)

£250k or less Over £250k to £1m Over £1m


Table 4B: Total SDLT receipts by value of property, 2007-08 to 2016-17, (£m)

Price band 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

£250k or less 1,740 865 750 805 830 990 1,245 1,255 895 1,460

Over £250k to £1m 4,595 2,145 2,435 2,785 2,770 2,990 4,015 4,600 4,445 5,280

Over £1m 3,600 1,995 1,970 2,370 2,525 2,840 4,050 4,825 5,280 5,000


Residential property transactions and SDLT receipts

Non-residential property transactions and SDLT receipts

Annual change in the number of property transactions and SDLT receipts by price band and

property type

Charts 4C and 4D show the annual percentage change in the number of transactions and SDLT receipts by price

band and property type.

In 2016-17 residential transactions fell across all price bands by between 1% and 19% when compared with 2015-16,

the largest decreases being seen in price bands between £3 million and £10 million.

SDLT receipts from residential properties generally increased for properties valued at under £1.5 million and

decreased for properties over £1.5 million.

Chart 4B: Total SDLT receipts by value of property, 2007-08 to 2016-17

Residential transactions for properties valued at £250,000 or less saw the largest increase in SDLT, going from £535

million in 2015-16 to £1,060 million in 2016-17 - an increase of 99%. This is largely due to the fact that the additional

properties rates apply to all purchases where the value is above £40,000, whereas prior to April 2016 purchases

between £40,000 and £125,000 would have paid no SDLT. Properties valued at less than £250,000 accounted for

12% of residential property receipts, compared to 7% in 2015-16. Residential transactions for properties valued at

over £10 million, saw the largest annual decrease in SDLT receipts of 15%.

Transactions for properties valued at £250,000 or less accounted for the majority of residential transactions (63%),

with properties valued at more than £250,000 and £500,000 accounting for a further 28%.

In 2016-17 non-residential transactions increased for properties valued at under £1.5 million, and generally decreased

for properties over £1.5million.

Non-residential properties valued under £1.5 million saw transactions increase by 2 - 19%, the largest increase being

seen in properties valued between £250,001 and £1,000,000. Non-residential properties in most price bands over £1.5

million saw transactions decrease, with the exception of properties valued between £4 million and £5 million, which

increased by 19%. Non-residential properties valued at over £10 million saw the largest drop in transactions, at 22%.

0

2000

4000

6000

8000

10000

12000

14000

20

07-0

8

20

08-0

9

20

09-1

0

20

10-1

1

20

11-1

2

20

12-1

3

20

13-1

4

20

14-1

5

20

15-1

6

20

16-1

7

SD

LT

re

ce

ipts

(£

m)

£250,000 or less £250,001 to £1m Over £1m


Corporate bodies transactions and SDLT receipts


Non-residential properties valued under £1.5 million saw transactions increase by 2 - 19%, the largest increase being

seen in properties valued between £250,001 and £1,000,000. Non-residential properties in most price bands over £1.5

million saw transactions decrease, with the exception of properties valued between £4 million and £5 million, which

increased by 19%. Non-residential properties valued at over £10 million saw the largest drop in transactions, at 22%.

More detailed statistics on property transactions and SDLT receipts by type of property and price

band can be found in Table 4a of the accompanying Excel tables, available here:

These changes reflect residential SDLT policy changes in 2014 and the devolution of SDLT to the Scottish

Government as well as underlying changes in house price distribution and the property market.

Chart 4C: Annual percentage change in number of transactions by price band and property type

Chart 4D: Annual percentage change in SDLT by price band and property type

The number of corporate bodies purchasing property over £500,000 and liable for a 15% rate of SDLT has fallen by

52% and the SDLT paid on these transactions has fallen by 58%. The corporate bodies rate was not charged in

Scotland, so this change cannot be attributed to the devolution of SDLT.

SDLT revenue from non-residential properties has increased across most bands. Non-residential transactions for

properties valued at over £4 million to £5 million saw a 35% increase in receipts from 2015-16, whereas transactions

valued at £250,000 to £500,000 saw a 7% decrease in receipts. This was largely due to the reform to non-residential

SDLT introduced in April 2016, which made the tax more progressive.

-55%

-45%

-35%

-25%

-15%

-5%

5%

15%

25%

£25

0k o

r le

ss

Ove

r £

250

k to

£50

0k

Ove

r £

500

k to

£1m

Ove

r £

1m

to

£1

.5m

Ove

r £

1.5

m to

£2m

Ove

r £

2m

to

£3

m

Ove

r £

3m

to

£4

m

Ove

r £

4m

to

£5

m

Ove

r £

5m

to

£1

0m

Mo

re t

ha

n £

10

m

Co

rpora

te b

odie

s o

ve

r£

50

0k


-80%

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

£25

0k o

r le

ss

Ove

r £

250

k to

£50

0k

Ove

r £

500

k to

£1m

Ove

r £

1m

to

£1

.5m

Ove

r £

1.5

m to

£2m

Ove

r £

2m

to

£3

m

Ove

r £

3m

to

£4

m

Ove

r £

4m

to

£5

m

Ove

r £

5m

to

£1

0m

Mo

re t

ha

n £

10

m

Co

rpora

te b

odie

s o

ve

r£

50

0k




Property transactions and SDLT receipts by region and price band, 2016-17


Residential property transactions and SDLT receipts by region and price band

Price bandNorth East

North

West

Yorkshire

and The

Humber

East

Midlands

West

Midlands

East of

England London

South

East

South

West Wales

Northern

Ireland

£250k or less 37,400 109,700 80,100 75,200 76,800 62,700 30,600 73,700 72,600 44,600 22,700

Over £250k to £1m 5,200 21,200 15,700 18,600 22,000 57,800 91,400 101,600 46,400 7,900 1,600

Over £1m 100 400 200 200 300 1,500 10,600 4,000 900 100 100

Table 5A: Residential property transactions by value of property and region, 2016-17, (hundreds)

Chart 5A: Percentage of country or regional residential transactions by price band

Chart 5B: Percentage of country or regional residential SDLT receipts by price band


5

In all regions and countries except London and the South East over 50% of the residential transactions in 2016-17 were valued at

£250,000 or less. In London, only around a quarter of residential transactions were in this price band.

Transactions of £250,000 or less accounted for between 2% (London) and 60% (Northern Ireland) of regional residential SDLT

receipts.

In London, 8% of residential property transactions had a value of more than £1 million, and these generated 52% of SDLT receipts

in the region. In all the regions and countries other than London, this price band represented less than 2% of property transactions

and generated between 3% and 23% of residential SDLT revenue. These differences reflect the progressive structure of SDLT

charges, whereby more expensive properties face a higher overall tax rate.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

No

rth

East

No

rth

West

Yo

rksh

ire

an

d T

he

Hu

mbe

r

East M

idla

nd

s

West M

idla

nd

s

East

Lo

ndo

n

South

East

South

West

Wale

s

No

rth

ern

Ire

lan

d

All

regio

ns

Pro

port

ion o

f yie

ld

£250,000 or less £250,001 to £1m Over £1m

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

No

rth

Ea

st

No

rth

West

York

shir

e a

nd T

he

Hu

mb

er

Ea

st M

idla

nd

s

West M

idla

nd

s

Ea

st o

f E

ng

lan

d

Lo

ndo

n

So

uth

Ea

st

So

uth

We

st

Wale

s

No

rth

ern

Ire

lan

d

All

regio

ns

En

gla

nd

Pro

po

rtio

n o

f yie

ld

£250k or less Over £250k to £1m Over £1m



North

West

Yorkshire

and The

Humber

East

Midlands

West

Midlands

East of

England London

South

East

South

West Wales

Northern

Ireland

£250k or less 40 140 100 105 110 125 60 155 145 60 25

Over £250k to £1m 50 220 160 175 225 680 1,575 1,280 515 75 15

Over £1m 5 40 15 15 30 145 1,775 440 85 5 -

Non-residential property transactions and SDLT receipts by region and price band

Table 5C: Non-residential property transactions by region and value of property, 2016-17, (hundreds)


North

West

Yorkshire

and The

Humber

East

Midlands

West

Midlands

East of

England London

South

East

South

West Wales

Northern

Ireland

£250k or less 3,400 10,300 7,600 6,600 7,300 8,000 13,900 12,800 9,000 4,600 2,900

Over £250k to £1m 700 2,400 1,800 1,900 2,100 2,500 2,600 3,700 2,900 1,000 700

Over £1m 300 1,200 800 800 1,000 1,300 3,000 2,500 1,200 300 200

Table 5B: Residential SDLT receipts by region and value of property, 2016-17, (£m)



Chart 5D: Percentage of country or regional non-residential SDLT receipts by price band

The proportion of property transactions over £1 million ranged from 5% to 15% and generated 78% of regional SDLT receipts. As

for residential properties, this reflects the progressive structure of SDLT charges.

For non-residential properties, the proportion of transactions in each price band does not vary greatly between regions, with the

majority (67% - 78%) of all property transactions being £250,000 or less. These accounted for 13% of non-residential SDLT

receipts.

Chart 5C: Percentage of country or regional non-residential transactions by price band

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

No

rth

East

No

rth

West

Yo

rksh

ire

an

d T

he

Hu

mbe

r

Ea

st

Mid

lan

ds

West M

idla

nd

s

Ea

st

Lo

ndo

n

South

East

So

uth

We

st

Wa

les

No

rth

ern

Ire

lan

d

All

regio

ns

Pro

port

ion o

f yie

ld

£250,000 or less £250,001 to £1m Over £1m

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

No

rth

Ea

st

No

rth

West

Yo

rksh

ire

an

d T

he

Hu

mbe

r

Ea

st

Mid

lan

ds

West M

idla

nd

s

Ea

st

Lo

ndo

n

South

East

So

uth

We

st

Wa

les

No

rth

ern

Ire

lan

d

All

regio

ns

Pro

port

ion o

f yie

ld

£250,000 or less £250,001 to £1m Over £1m


Table 5D: Non-residential SDLT receipts by region and value of property, 2016-17, (£m)


North

West

Yorkshire

and The

Humber

East

Midlands

West

Midlands

East of

England London

South

East

South

West Wales

Northern

Ireland

£250k or less 10 35 25 25 25 30 155 55 30 10 5

Over £250k to £1m 10 30 25 25 25 35 45 55 40 15 5

Over £1m 50 180 120 120 165 235 915 455 160 45 20

Region£250k or

less

Over

£250k to

£1m

Over

£1m

All

bands

£250k or

less

Over

£250k to

£1m

Over

£1m

All

bands

North East 160% 36% 33% 71% -4% 6% 15% -3%

North West 161% 32% 53% 63% -3% 7% 7% -2%

Yorkshire and The Humber 143% 28% 43% 55% -5% 4% 8% -3%

East Midlands 122% 28% 63% 53% -7% 8% 21% -4%

West Midlands 127% 31% 66% 53% -6% 8% 20% -3%

East of England 65% 25% 14% 27% -20% 4% 4% -10%

London 42% 12% -8% 1% -25% -13% -15% -17%

South East 56% 18% 5% 17% -22% -2% -7% -12%

South West 80% 25% 3% 30% -16% 2% -4% -9%

Wales 151% 35% 110% 70% -2% 7% 100% -1%

Northern Ireland 233% 35% -51% 95% -1% 1% 51% -1%

All regions 99% 20% -2% 17% -11% -2% -10% -8%


Residential SDLT receipts Residential transactions

Non-residential properties transactions and receipts

Table 5F shows the annual percentage change in non-residential SDLT receipts and transactions by region and price band for non-


There was an increase in the number of non-residential property transactions valued at under £250,000 to £1 million across all

regions apart from London. Transactions valued at under £250,000 increased by 2% to 11% in all regions apart from London, which

fell by 3%. Transactions valued at over £250,000 to £500,000 increased across all regions by 15% to 27%, with the exception of

London which only increased by 1%.

Transactions of properties valued at over £1 million decreased for most regions, the largest fall being seen in the North East (18%),

and the largest increases were seen in the South East and Northern Ireland (9%).

Residential properties transactions and receipts

Tables 5E shows the annual percentage change in residential SDLT and transactions receipts by region and price band for


London saw the largest fall in residential transactions across all price bands with transactions of properties valued at under

£250,000 falling by 25%; properties valued at over £250,000 to £1 million by 13%; and properties valued at over £1 million by 15%.

The regions with the smallest decreases in SDLT receipts were Wales and Northern Ireland, they also observed the smallest

decreases in the number of transactions for properties valued at £250,000 or less (2% and 1% respectively), and the largest

increases in the number of transactions properties valued at over £1 million increasing substantially, by 100% and 51%

respectively.

Across all regions, residential SDLT receipts increased for properties valued at £250,000 to £1 million. Overall properties valued at

£250,000 to £500,000 increased the most, by 42% (London) to 233% (Northern Ireland), and properties valued at £250,000 to £1

million increased by between 12% (London) to 36% (North East). For most regions SDLT receipts increased for properties valued at

over £1 million; London and Northern Ireland saw a fall in receipts (8% and 51% respectively), whereas Wales saw the largest

increase in SDLT for this price band of 100%.

Given the fall in the number of transactions and the estimated property values for properties valued at under £250,000, the increase

in receipts can be attributed to the introduction of the higher rate of SDLT on additional residential properties in April 2016.

Apart from London, the South East and the East of England, all regions saw a similar trend across price bands, with decreases in

transactions for properties valued under £250,000, small increases in transactions valued at over £250,000 to £1 million and small

to moderate increases in properties valued at over £1 million.

Table 5E: Annual percentage change in residential SDLT receipts and transactions by region and price band

Annual percentage change in the number of property transactions and SDLT receipts by region, price band and

property type


Region£250k or

less

Over

£250k to

£1m

Over

£1m

All

bands

£250k or

less

Over

£250k to

£1m

Over

£1m

All

bands

North East 8% -3% -36% -29% 7% 15% -18% 6%

North West 27% 9% -9% -3% 5% 22% -2% 7%

Yorkshire and The Humber 33% 3% -7% -1% 9% 17% -14% 8%

East Midlands 8% 9% 21% 17% 7% 24% 0% 10%

West Midlands 13% -3% -9% -6% 2% 18% -1% 4%

East of England 25% 5% 25% 22% 4% 24% 1% 7%

London -4% 6% -23% -20% -3% 1% -13% -4%

South East 20% 7% 13% 13% 8% 20% 9% 10%

South West 49% 11% -12% -4% 9% 27% -3% 11%

Wales 10% 6% -6% -2% 9% 19% -12% 9%

Northern Ireland 3% -8% -16% -12% 11% 18% 9% 12%

All regions 10% 5% -9% -6% 5% 19% -4% 6%


Non-residential SDLT receipts Non-residential transactions

Across most regions there was an increase in SDLT receipts for non-residential properties valued at under £250,000 and a

decrease for properties valued at over £1 million. For properties valued at under £250,000, the South West saw the largest increase

in receipts (49%) whereas London, the only region that saw a decrease in receipts for this price band, fell by 4%. For non-residential

properties at valued at over £1 million, the North East saw the largest decrease in receipts (-36%), and the East Midlands increased

by 21%.

Table 5F: Annual percentage change in non-residential transactions by region and price band

More detailed statistics on property transactions and SDLT receipts by region and price band can be found in Table 5a of

the accompanying Excel tables, available here:




('Individual' buyers includes: Unincorporated builder, unincorporated sole trader other than a builder and individual other than sole

trader. The latter includes married couples and civil partnerships. 'Other' buyers includes property companies, public sector buyers,

financial institutions and others; a more detailed breakdown is not available due to unreliable data.)

Chart 6B: Percentage residential SDLT receipts by price band and buyer type, 2016-17

6Property transactions and SDLT receipts in 2016-17 by type of buyer and price

band

Chart 6A: Percentage residential transactions by price band and buyer type, 2016-17

Residential property transactions and SDLT receipts by type of buyer and price band

In 2016-17, 91% of residential property transactions were by individual buyers, the majority of these (90%) were for

properties where the value was under £1 million.

Individual buyer transactions accounted for 90% of residential SDLT receipts and this was spread out fairly evenly

across all price bands between 84% and 92%.

The number of residential property transactions by individual buyers has fallen by 8% to 999,000 since 2015-16; SDLT

receipts from these transactions have increased by 17% to £7,705 million. The number of transactions for other buyers

has remained relatively stable (95,000); SDLT receipts from these transactions have increased by 18% to £890 million.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

£25

0k o

r le

ss

Ove

r £

200

k to

£50

0k

Ove

r £

500

k to

£1m

Ove

r £

1m

to

£1

.5m

Ove

r £

1.5

m to

£2m

Mo

re t

ha

n £

2m

All

pri

ce

ba

nds

Pro

port

ion

of tr

an

sa

ctio

ns

Individuals Other buyers

75%

80%

85%

90%

95%

100%

£25

0k o

r le

ss

Ove

r £

200

k to

£50

0k

Ove

r £

500

k to

£1m

Ove

r £

1m

to

£1

.5m

Ove

r £

1.5

m to

£2m

Mo

re t

ha

n £

2m

All

pri

ce

ba

nds

Pro

po

rtio

n o

f tr

an

sa

ctio

ns



Over £500k to £1m

Over £1m to £1.5m

Over £1.5m to £2m

More than £2m

Corporate bodies over £500k

All price bands

SDLT

£250k or less

Over £200k to £500k

Over £500k to £1m

Over £1m to £1.5m

Over £1.5m to £2m

More than £2m

Corporate bodies over £500k

All price bands


More detailed statistics on property transactions and SDLT receipts by type of buyer and price band can be

found in Table 6 of the accompanying Excel tables, available here:

Non-residential property transactions and SDLT receipts by type of buyer and price band

Chart 6C: Percentage non-residential transactions by price band and buyer type, 2016-17

Chart 6D: Percentage non-residential SDLT receipts by price band and buyer type, 2016-17

The number of non-residential transactions by individual buyers has risen by 8% to 36,000 since 2015-16; SDLT

receipts from these transactions have increased by 14% to £230 million. The number of other buyers has increased by

5% to 86,000; SDLT receipts from these transactions have decreased by 7% to £2,945 million.

In 2016-17, 29% of non-residential property transactions were by individual buyers; the majority of these (91%) were for

properties where the value was under £1 million. However individual buyer transactions accounted for only 7% of non-

residential SDLT revenues. The majority of receipts came from other buyers, of which 81% came from properties over

£2 million.

0%10%20%30%40%50%60%70%80%90%

100%

£2

50k o

r le

ss

Ove

r £

20

0k t

o £

50

0k

Ove

r £

50

0k t

o £

1m

Ove

r £

1m

to

£1

.5m

Ove

r £

1.5

m t

o £

2m

Mo

re th

an £

2m

All

price b

an

ds

Pro

port

ion

of tr

an

sa

ctio

ns


0%10%20%30%40%50%60%70%80%90%

100%

£2

50

k o

r le

ss

Ove

r £

20

0k t

o £

50

0k

Over

£50

0k t

o £

1m

Over

£1m

to

£1.5

m

Over

£1.5

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2m

Mo

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All

price b

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Key messages

➢ There were 211,000 additional property transactions in 2016-17, accounting for 19% of residential transactions.

Additional properties

https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property

Additional properties receipts and transactions by region

Table 7A: Additional and residential property receipts by region, 2016-17, (£m)

RegionNorth

East

North

West

Yorkshire

and The

Humber

East

Midlands

West

Midlands

East of

EnglandLondon

South

East

South

WestWales

Northern

Ireland

Residential Properties 95 395 275 300 370 945 3,410 1,875 745 140 40

of which Additional Properties 50 180 125 125 145 325 1,390 635 285 70 25


Since 1 April 2016 additional residential properties purchases are now subject to a higher rate of SDLT. More information on the new

rates can be found here:

7Additional property transactions and SDLT receipts by region and price

band, 2016-17

➢ £3,360 million of SDLT was paid on additional property transactions (of which £1,705 million is attributed to 3% element receipts),

accounting for 39% of residential SDLT receipts.

➢ The mean value of additional property transactions was £276,000 in 2016-17. The mean amount of SDLT received per additional

property transaction was £16,000 in 2016/17.

Additional properties' transactions as a proportion of residential properties transactions were relatively similar across the regions,

varying between 17% and 22%.

The region with the highest SDLT receipts from additional properties was London (£1,390 million), accounting for 41% of total SDLT

receipts from all additional properties and 16% of total SDLT receipts from all residential properties. London had the highest property

value and the second highest number of transactions relative to the other regions.

The region with the lowest SDLT receipts from additional properties was Northern Ireland (£25 million) accounting for just 1% of SDLT

receipts from all additional properties. Northern Ireland also had the lowest property value (relative to other regions) and the smallest

number of transactions.

Additional properties' receipts as a proportion of residential properties receipts varied across the regions. The region with the highest

proportion of additional property receipts to residential receipts was Northern Ireland at 62%. The region with the lowest proportion of

additional property receipts was the East of England at 35% (£325 million).

Chart 7A: Additional property SDLT receipts as a percentage of residential property receipts by region and receipt type

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Engla

nd

No

rth

East

No

rth

West

York

shir

e a

nd

The

Hum

ber

East M

idla

nd

s

West

Mid

land

s

East of

En

gla

nd

Lo

ndo

n

South

East

South

West

Wale

s

No

rth

ern

Irela

nd

All

regio

ns

Pro

port

ion o

f yi

eld

Residential receipts attributed to additional properties Residential receipts not attributed to additional properties


https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property

Table 7B: Number of additional and residential property transactions by region, 2016-17, (thousands)

RegionNorth

East

North

West

Yorkshire

and The

Humber

East

Midlands

West

Midlands

East of

EnglandLondon

South

East

South

WestWales

Northern

Ireland

Residential Properties 43 131 96 94 99 122 133 179 120 53 24

of which Additional Properties 9 27 19 18 19 21 29 31 22 11 6

21% 21% 20% 19% 19% 17% 22% 17% 18% 21% 23%

Additional properties receipts and transactions by price

Table 7C: Additional and residential property receipts by price band, 2016-17, (£m)

Price band£250k or

less

Over £250k

to £500k

Over

£500k to

£1m

Over £1m

to £1.5m

Over

£1.5m to

£2m

Over

£2m to

£3m

Over

£3m to

£4m

Over

£4m to

£5m

Over

£5m to

£10m

More than

£10m

Residential Properties 1,060 2,690 2,280 775 440 450 220 125 275 245

of which Additional Properties 635 865 740 280 175 205 100 70 155 135


Table 7D: Number of additional and residential property transactions by price band, 2016-17, (hundreds)

Price band£250k or

less

Over £250k

to £500k

Over

£500k to

£1m

Over £1m

to £1.5m

Over

£1.5m to

£2m

Over

£2m to

£3m

Over

£3m to

£4m

Over

£4m to

£5m

Over

£5m to

£10m

More than

£10m

Residential Properties 686,200 304,100 85,200 10,800 3,500 2,200 700 300 500 200

of which Additional Properties 140,400 48,700 17,100 2,800 1,100 800 200 100 200 100

20% 16% 20% 26% 30% 35% 34% 43% 36% 28%

https://www.gov.uk/government/statistics/quarterly-stamp-duty-statistics


3% element receipts as a proportion of additional property receipts were highest for price bands under £1 million, accounting for 46%

to 87%. For price bands over £1 million 3% element receipts accounted for 21% to 35%.

(rounded to the nearest thousand transactions)

% of residential properties

Additional properties where the value was £1 million or less brought in £2,240 million in SDLT receipts, accounting for 67% of SDLT

from additional properties and 26% of SDLT from all residential properties. Of the price bands over £1 million, properties valued at

over £1 million to £1.5 million had the highest SDLT receipts (£280 million), accounting for 8% of SDLT from additional properties and

3% of SDLT from all residential properties.

More detailed statistics on property transactions and SDLT receipts by type of buyer and price band can be found in Table

3b,4b and 5b of the accompanying Excel tables, available here:

In 2016/17 additional property transactions where the property value was under £1 million accounted for 98% (202,500) of all

additional property transactions, 68% of these were priced at £250,000 or less. Of price bands over £1 million, properties valued at

over £1 million to £1.5 million had the largest number of transactions (2,700), accounting for 1% of all additional property transactions.

% of residential properties

Note: a buyer can apply for a refund of the additional properties rates if they sell their previous main home. The number of

refunds and amount refunded is published in our Quarterly Stamp Duty Statistics, available here:


Chart 7B: Additional property SDLT receipts as a proportion of residential property receipts by price band

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

£2

50k o

r le

ss

Over

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0k to

£5

00k

Over

£50

0k to

£1

m

Over

£1m

to

£1

.5m

Over

£1.5

m t

o£2

m

Over

£2m

to

£3

m

Over

£3m

to

£4

m

Over

£4m

to

£5

m

Over

£5m

to

£1

0m

Mo

re th

an

£1

0m

All

price b

an

ds

Pro

port

ion o

f yi

eld

Residential receipts not attributed to additional properties Residential receipts not attributed to additional properties




SDLT by local authority and parliamentary constituencyCommentary and Charts

Key messages

Local area receipts

Residential properties Non-residential properties

Westminster 508 5.9% Westminster 332 10.5%

Kensington and Chelsea 413 4.8% City of London 119 3.7%

Wandsworth 244 2.8% Camden 83 2.6%

Camden 174 2.0% Tower Hamlets 49 1.5%

Barnet 145 1.7% Southwark 45 1.4%

Hammersmith 144 1.7% Hackney 33 1.0%

Richmond upon Thames 124 1.4% Hammersmith 34 1.1%

Southwark 125 1.5% Islington 37 1.2%

Lambeth 103 1.2% Kensington and Chelsea 29 0.9%

Tower Hamlets 111 1.3% Wandsworth 32 1.0%

Total from top 10 2,091 24% Total from top 10 793 25%

Residential properties Non-residential properties

Cities of London and Westminster 398 4.6% Cities of London and Westminster 343 10.8%

Kensington 278 3.2% Holborn and St Pancras 45 1.4%

Chelsea and Fulham 211 2.5% Bermondsey and Old Southwark 29 0.9%

Hampstead and Kilburn 122 1.4% Manchester Central 29 0.9%

Battersea 120 1.4% Bethnal Green and Bow 23 0.7%

Westminster North 109 1.3% Islington South and Finsbury 28 0.9%

Richmond Park 89 1.0% Hammersmith 22 0.7%

Bermondsey and Old Southwark 75 0.9% Poplar and Limehouse 21 0.7%

Esher and Walton 76 0.9% Kensington 19 0.6%

Holborn and St Pancras 75 0.9% Slough 17 0.5%

Total from top 10 1,553 18% Total from top 10 576 18%


8

Receipts

(£m)

➢ In 2016-17, the local authority with the highest SDLT receipts from residential property transactions was Westminster with £508

million, representing 6% of all residential SDLT receipts. The highest yielding parliamentary constituency for residential SDLT was

Cities of London and Westminster (£398 million).

Receipts

(£m)

➢ For non-residential property transactions, the highest yielding local authority was also Westminster with £332 million, representing

11% of all non-residential SDLT receipts. The highest yielding parliamentary constituency was also Cities of London and Westminster

(£343 million).

The local authorities with the highest SDLT receipts are all in London for both residential and non-residential properties. SDLT receipts

by parliamentary constituency generally follow the same pattern, with high non-residential receipts in Manchester and Slough too.

Tables 8A and 8B below show the top ten areas for SDLT receipts for local authorities and Westminster parliamentary constituencies

by property type.

Table 8A: Top 10 local authorities by residential receipts for residential and non-residential properties, 2016/17

% of residential

receipts

Receipts

(£m)

% of non-residential

receiptsLocal authority

➢ The local authority with the highest proportion of additional property transactions to residential transactions was Kensington and

Chelsea at 36%.

➢ The parliamentary constituency with the highest proportion of additional property transactions to residential transactions was Salford

and Eccles both at 36%.

Maps M1 and M2 show annual changes in average SDLT receipts by local authority for residential and non-residential properties in

2016-17.

Local authority

Table 8B: Top 10 Westminster parliamentary constituencies by receipts for residential and non-residential properties,

2016/17

Receipts

(£m)Parliamentary constituency

More detailed statistics on property transactions and SDLT receipts by property and Local Authority and Westminster

Parliamentary Constituency can be found in Tables 7a and 8 (respectively) of the accompanying Excel tables, available here:

% of non-residential

receipts

% of residential

receiptsParliamentary constituency



Additional properties by local authority

Map M5 shows additional properties as a proportion of residential transactions by local authority for 2016-17.

Table 8C: Top 10 local authorities by proportion of transactions that are additional properties

Local authority

2,660 950 36%

2,070 700 34%

4,390 1,450 33%

4,140 1,330 32%

2,580 780 30%

1,930 580 30%

220 70 30%

6,275 1,890 30%

2,920 870 30%

1,180 340 29%

Total from top 10 28,365 8,960 32%

Table 8D: Top 10 parliamentary constituencies by proportion of transactions that are additional properties

Parliamentary constituency

3,460 1,260 36%

2,350 850 36%

2,930 980 33%

2,920 940 32%

2,020 650 32%

1,420 450 32%

1,440 460 32%

1,870 590 32%

1,590 500 31%

1,850 580 31%

Total from top 10 21,850 7,260 33%


Nottingham East

Birmingham, Ladywood

Salford and Eccles

Leeds Central

Liverpool, Riverside

Chelsea and Fulham

Blackpool South

City of London

Salford

Harrow

Isle of Anglesey

Kensington

L

o

c

a

Additional

property

transactions

% of transactions that

are Additional

Properties

Residential

property

transactions

More detailed statistics on additional property transactions and SDLT receipts by property and Local

Authority and Westminster Parliamentary Constituency can be found in Tables 7b and 8b (respectively)

of the accompanying Excel tables, available here:

Residential

property

transactions

Additional

property

transactions

% of transactions that

are Additional

Properties

Cities of London and Westminster

Kensington and Chelsea

Gwynedd

Westminster

Enfield

Blackpool UA

Causeway Coast and Glens

Ilford South



Local Authority Map (New to the 2016/17 edition)

Yearly change in average residential SDLT receipts, 2016-17(Northern Ireland authorities are shown as the pre 1 April 2015 reform authorities)

Contains Ordnance Survey data

© Crown copyright and database right 2016

M1

The map shows the percentage change in the average amount of SDLT (receipts) per residential transaction between the years 2015-16 and

2016-17. The data are not adjusted. The year-on-year percentage change comparison is subject to volatility in the data. In order to make a like-

for-like comparison, receipts from the 3% element charged on additional properties are excluded, as this charge was not applicable in 2015-16.

Previous years local authority SDLT data are available at: https://www.gov.uk/government/collections/stamp-duties-statistics

or: http://webarchive.nationalarchives.gov.uk/*/http:/hmrc.gov.uk/thelibrary/national-statistics.htm

London Authorities

Key - percentage changes

Greater than 20% increase

10% - 20% increase

0 - 10% increase

0 - 10% decrease

Greater than 10% decrease



Yearly change in average non-residential SDLT receipts, 2016-17(Northern Ireland authorities are shown as the post 1 April 2015 reform authorities)



M2

The map shows the percentage change in the average amount of SDLT (receipts) per non-residential transaction between the years 2015-16

and 2016-17. The data are not adjusted. The year-on-year percentage change comparison is subject to volatility in the data, especially for non-

residential transactions where the values of properties tend to vary enormously within a Local Authority.



London Authorities



50% - 100% increase

0 - 50% increase

0% - 50% decrease




Percentage change in the number of residential transactions, 2016-17(Northern Ireland authorities are shown as the post 1 April 2015 reform authorities)



M3

The map shows the percentage change in the number of residential transactions between the years 2014-15 and 2015-16. The data are not

adjusted. The year-on-year percentage change comparison is subject to volatility in the data.



London Authorities



0% - 10% increase

0% - 10% decrease

10%- 20% decrease




Percentage change in the number of non-residential transactions, 2016-17(Northern Ireland authorities are shown as the post 1 April 2015 reform authorities)



M4

The map shows the percentage change in the number of non-residential transactions between the years 2015-16 and 2016-17. The data are not

adjusted. The year-on-year percentage change comparison is subject to volatility in the data.



London Authorities



25% - 50% increase

0 - 25% increase

0% - 25% decrease




Additional properties transactions as a proportion of residential transactions, 2016-17(Northern Ireland authorities are shown as the post 1 April 2015 reform authorities)



M5

The map shows the percentage of residential transactions which were identified as additional properties in each Local Authority. In order to make

a like-for-like comparison, receipts from the 3% element on Additional Properties have been excluded.



LowestHart - 10%South Northamptonshire - 11%

HighestKensington and Chelsea - 36%Gwynedd - 34%

London Authorities

Key - percentages

0 - 15%

15 - 25%

More than 25%


Introduction to stamp taxes

Stamp Duty Land Tax (SDLT) background

From 1 December 2003 stamp duty on documents relating to land transactions was replaced by Stamp

Duty Land Tax (SDLT), a tax on the substance of the transaction rather than the instrument by which it

is completed. Stamp Duty Reserve Tax (SDRT), was introduced in 1986 and applies to electronic

transactions in securities where there is no instrument of transfer.

R0 Background

The term 'Stamp Taxes' is used to refer collectively to stamp duty on share transfer instruments, Stamp

Duty Reserve Tax, stamp duty on documents relating to land transactions and Stamp Duty Land Tax.

Historically, Stamp Duty was a tax payable on documents which transfer certain kinds of property, as

well as on some other legal documents. In this context, ‘Property’ means all items capable of being

owned, not just land or houses, although not all transfers of property were dutiable. Where property

could merely be handed over, for example a car, furniture etc., there was no charge to Stamp Duty

because there was no document executed on which to charge the duty. However, some property such

as houses, land, shares in a company and goodwill of a business, may be transferred only in a

prescribed legal form.

The Stamp Act 1891 provided that documents liable to Stamp Duty could not be registered or used

unless they had been duly stamped. Since owners wanted to be able to demonstrate their title to

property they were effectively required to have their document stamped if they wanted anyone, including

a court, to take notice of it.

The stamp duty charge on goodwill was abolished on 23 April 2002 and the charge to stamp duty on

other property (other than stock and marketable securities, and partnership interests) was abolished on

1 December 2003.

This publication covers liability to Stamp Duty Land Tax (SDLT) payable on the purchase or transfer of

most property or land in the UK. SDLT is liable on transactions in England, Wales and Northern Ireland.

Land and Buildings Transaction Tax (LBTT) is the equivalent tax payable in Scotland. LBTT replaced

SDLT for transactions in Scotland on 1 April 2015 and these transactions are outside the geographic

remit of SDLT and are excluded from this publication. Both the SDLT and LBTT due on a transaction is

calculated from the amount paid for the property with higher rates applied to higher value transactions,

though with different rates and thresholds. Some transactions will qualify for a relief or exemption, whilst

some properties below the minimum threshold are liable as they involve the assignment of a new lease

where the rental components exceed a net present value of the threshold.

Different rates and thresholds will also apply depending on whether the property is being used for

residential or non-residential purposes, and whether the property is sold as a freehold or leasehold.

Table R1 of this publication shows current and historic rates of SDLT and stamp duty on land

transactions.

Most land and property transactions must be notified to HM Revenue & Customs (HMRC) on a Stamp

Duty Land Tax return within a certain time limit - even if no tax is due. Transactions with a value of less

than £40,000 do not need to be notified. Transactions in Scotland need to be notified to the Scottish

Administration.

Additional property rates for residential properties were announced in April 2016 for England, Wales and

Northern Ireland. From April 2016, the purchaser has to pay 3% on top of normal SDLT rates if buying a

new residential property means that they will own more than one.

More information about SDLT, the rates and thresholds, the reliefs available, and the definitions of

residential and non-residential can be found on the HMRC website (follow the hyperlinks provided at the

end of this section).


Stamp Duty Reserve Tax (SDRT) background

Stamp Duty

Introduction to statistics: methodology and explanation

It is not possible to provide any breakdowns for Stamp Tax on Shares revenue.

Data sources

Rounding

When transactions numbers are very small, all associated data is suppressed for disclosure purposes.

Revisions and timing of publications

Most tables in this publication are based on HMRC's stamp duty land tax database, which records

information from the Land Transaction Return. Not all property transactions are captured in the

database. As well as transactions where the chargeable consideration is less than £40,000, other

instances where no notification is required include transfers in connection with divorce and grants of

leases of less than 7 years.

Stamp Duty Reserve Tax is payable on electronic 'paperless' transactions in shares in a UK company or

a foreign company with a UK share register. Such share transactions are mostly carried out through the

CREST system, which is administered by Euroclear. CREST automatically collects the SDRT and

sends it to HMRC.

SDRT is paid at a rate of 0.5% of the price paid for the shares (which is not necessarily the same as the

actual value of the shares). Some electronic share transactions are exempt from SDLT or can claim a

relief.

When shares are bought using a stock transfer form for more than £1,000, it is classified as a 'paper'

transaction and is subject to Stamp Duty rather than SDRT. It is only payable when shares are

transferred, not when they are issued.

The stock transfer form is sent to HMRC (along with the payment) for stamping. Stamp Duty is payable

at the rate of 0.5% of the value of the chargeable consideration, rounded up to the nearest £5, on each

document to be stamped.

This publication presents financial year estimates of the amount of Stamp Duty Land Tax and Stamp

Tax on Shares collected in the UK. It provides various breakdowns of SDLT revenue, including by

region, Local Authority, Parliamentary Constituency, tax rate band and type of property. It also shows

details of the number and total value of the transactions associated with this SDLT revenue.

Again, more information can be found on the HMRC website by following the links provided at the end

of this section.

The aggregate revenue figures are determined by the financial accounts published in HMRC's annual

report. All breakdowns are constrained to these figures.

The figures for the value of property transactions are generally less reliable than receipts or numbers of

transactions. The method used for estimating these total values means that in some instances the

broken-down figures will not sum to the overall totals.

Counts of transaction numbers in Tables 1 to 3b are estimates that are rounded to the nearest

thousand for presentational purposes. In Tables 4a to 6 transactions counts are rounded to the nearest

100. In Tables 7 to 8, transaction counts are rounded to the nearest ten.

Most estimates of stamp tax revenue collected and value of property transacted are rounded to the

nearest five million pounds. In Table 1, stamp tax revenues are rounded to the nearest million pounds.

This annual publication is produced on a financial year basis and is updated every September with data

for the previous financial year. This provides enough time for HMRC's annual report to be finalised, for

the data to be processed and cleaned, and for the tables to be constructed.


Geographic breakdowns

Reference codes for the Local Authority table are taken from Annex A of this document:

Disclosure control

Statistical quality

HMRC has recently reviewed its procedures around disclosure and taxpayer confidentiality. As a result,

we are narrowing the scope of the estimates we publish in this release in order to ensure that we are

fully complying with the National Statistics Code of Practice and our obligations under Section 18 of the

Commissioners for Revenue and Customs Act 2005 (CRCA), which makes it clear HMRC must not

disclose taxpayer information to anyone, unless there is lawful authority to do so. As a result some local

authority and parliamentary constituency data is combined with a near neighbour. We will keep this

issue under regular review.

This annual publication is produced on a financial year basis and is updated every September with data

for the previous financial year. This provides enough time for HMRC's annual report to be finalised, for

the data to be processed and cleaned, and for the tables to be constructed.

However, the details of some transactions are not finalised until after publication, so as well as providing

estimates for the latest financial year, revisions are also made to the previous year.

The Stamp Duty Land Tax database only provides reliable data back to 2005-06. Prior to this, any

breakdowns are based on the discontinued Survey of Property Transactions.

The split of revenue and transactions between the various geographic units is based upon the location

of the property being transacted.

We estimate local authority and Westminster parliamentary constituency data using the postcode of the

first list property on the SDLT return. Those properties where the postcode is incomplete or cannot be

matched are then matched using the local authority code and Westminster parliamentary constituency

code as completed on the SDLT return. There are a small minority of cases where this data is not

recorded on the stamp duty land tax database and these transactions are allocated to a local authority

on a pro-rata basis to maintain the recorded proportions. Properties for which a Westminster

parliamentary constituency is not known are listed separately within their region.

The aggregation of the SDLT revenue in each table is constrained to the total revenue collected figure

shown in Table 1.

http://www.ons.gov.uk/ons/guide-method/geography/geographic-policy/best-practice-

guidance/presentation-order-guidance/administrative-areas/presentation-guidance-for-administrative-

areas.pdf

HMRC's statement on statistical quality is published in "HMRC: Official Statistics" on the HMRC

website:

These statistics are based on an administrative data source collected by HMRC in the running of its

business (collecting tax). Any apparent discrepancy between totals and the sum of the constituents in

the bulletin is due to rounding.

The quality of these statistics depends on the purpose that they are intended to be used for. The

definitions used within this publication are defined by tax law, and whether or not a property transaction

is counted within the estimates is dependent on the submission of a Land Transaction Return.

Transactions where no return is required, or is required but not submitted, will not be counted in the

estimates.

The estimates of total price are based upon the "chargeable consideration" reported on SDLT returns.

In most property transactions, money is paid in exchange for the property or land. However, anything of

economic value which is given in exchange for land or property (e.g. goods, services, debt) counts

towards the chargeable consideration. In transactions where the property is given as a gift, there is no

chargeable consideration. The chargeable consideration does not necessary reflect the true value of the

property.

https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics#official-statistics-

code-of-practice


http://www.ons.gov.uk/ons/guide-method/geography/geographic-policy/best-practice-guidance/presentation-order-guidance/administrative-areas/presentation-guidance-for-administrative-areas.pdf



Related statistics

Hyperlinks

Useful links

Introduction to SDLT:

https://www.gov.uk/stamp-duty-land-tax

Current SDLT Rates and Thresholds:

https://www.gov.uk/government/publications/rates-and-allowances-stamp-duty-land-tax

Introduction to LBTT:

https://www.revenue.scot/land-buildings-transaction-tax

Historic SDLT Rates and Thresholds:

http://webarchive.nationalarchives.gov.uk/*/http://www.hmrc.gov.uk/statistics/stamp-duty/table-a9.xls

Land Transaction Return Guidance Notes:

https://www.gov.uk/government/publications/sdlt-guide-for-completing-paper-sdlt1-return

Statement of Administrative Sources general note:

HMRC: Official Statistics

https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics

HMRC Annual Report and Resource Accounts

https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2015-to-2016

The Quarterly SDLT Statistics publication provides more timely statistics on SDLT at an aggregated

level and its statistics are based on the SDLT certification date. The publication also contains statistics

on properties qualifying for the additional property rates, introduced in April 2016. The Quarterly

publication is based on preliminary data and is superceded by this annual publication. The link to the

latest publication can be found below.

There are many other National and Official Statistics publications relevant to the UK housing market.

The Valuation Office Agency (VOA) publishes statistics on council tax and on the private rental market.

The Office for National Statistics (ONS) and HM Land Registry both produce statistics on UK House

Prices. The Dept. for Communities and Local Government (DCLG) release a variety of publications on

housing and associated topics. Links to the relevant website can be found in the hyperlink section

below.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/278306/cop-admin-

sources_1_.pdf

The estimates of total price are based upon the "chargeable consideration" reported on SDLT returns.

In most property transactions, money is paid in exchange for the property or land. However, anything of

economic value which is given in exchange for land or property (e.g. goods, services, debt) counts

towards the chargeable consideration. In transactions where the property is given as a gift, there is no

chargeable consideration. The chargeable consideration does not necessary reflect the true value of the

property.

HMRC publish other sets of statistics that are based on the stamp duty land tax database and these can

be found alongside this publication on the GOV.UK website.

The Monthly Property Transactions (MPT) publication provides more timely statistics on the number of

residential and non-residential property transactions in the UK and its constituent countries. The

statistics in the MPT publication cannot be directly compared with the transaction data in this

publication, as the MPT publication includes Scottish transactions and is based on the completion date

of the transaction. For this publication, the focus is on SDLT and so the date the tax was paid (the SDLT

certificate date) is used, which can be up to 30 days later.


https://www.gov.uk/stamp-duty-land-tax

https://www.gov.uk/government/publications/rates-and-allowances-stamp-duty-land-tax

https://www.revenue.scot/land-buildings-transaction-tax

http://webarchive.nationalarchives.gov.uk/*/http:/www.hmrc.gov.uk/statistics/stamp-duty/table-a9.xls

https://www.gov.uk/government/publications/sdlt-guide-for-completing-paper-sdlt1-return


https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2015-to-2016

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/278306/cop-admin-sources_1_.pdf

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/278306/cop-admin-sources_1_.pdf

Related Statistics

Monthly Property Transactions Publication:

Archived versions of the Monthly Property Transactions:

http://webarchive.nationalarchives.gov.uk/*/http:/hmrc.gov.uk/thelibrary/national-statistics.htm

Quarterly Stamp Duty Statistics


Historic Property Transactions, Monthly, Quarterly and Annual, 1959 to 2005 (Table 5.5)

http://www.ons.gov.uk/ons/rel/elmr/economic-trends--discontinued-/2006-edition/index.html

Stamp Duties collected (T15.1 to T15.5):


Measuring Tax Gaps:

https://www.gov.uk/government/publications/measuring-tax-gaps-tables

Tax expenditures and ready reckoners:

https://www.gov.uk/government/collections/tax-expenditures-and-ready-reckoners

ONS House Price Index:

http://www.ons.gov.uk/ons/taxonomy/index.html?nscl=House+Price+Indices

Valuation Office Agency statistics:

https://www.gov.uk/government/statistics?departments%5B%5D=valuation-office-agency

HM Land Registry statistics:

https://www.gov.uk/government/publications/about-the-house-price-index

Dept. for Communities and Local Government statistics:

https://www.gov.uk/government/collections/housing-market

Other links

Office for National Statistics (ONS):

http://www.ons.gov.uk/ons/index.html

Office for Budget Responsibility (OBR):

http://budgetresponsibility.independent.gov.uk/

UK Statistics Authority:

http://www.statisticsauthority.gov.uk/

https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-

40000-or-above


http://webarchive.nationalarchives.gov.uk/*/http:/hmrc.gov.uk/thelibrary/national-statistics.htm


http://www.ons.gov.uk/ons/rel/elmr/economic-trends--discontinued-/2006-edition/index.html


https://www.gov.uk/government/publications/measuring-tax-gaps-tables

https://www.gov.uk/government/collections/tax-expenditures-and-ready-reckoners

http://www.ons.gov.uk/ons/taxonomy/index.html?nscl=House+Price+Indices

https://www.gov.uk/government/statistics?departments%5B%5D=valuation-office-agency

https://www.gov.uk/government/publications/about-the-house-price-index

https://www.gov.uk/government/collections/housing-market

http://www.ons.gov.uk/ons/index.html

http://budgetresponsibility.independent.gov.uk/

http://www.statisticsauthority.gov.uk/

https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above

https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above

Changes to duty rates

(Previously referred to as Table 7)

System from 1st April 2016 4 5 6 7

Threshold Residential properties Threshold Additional properties7

Threshold Non-residential properties

Portion up to £125,000 0% Portion up to £125,000 3% Portion up to £150,000 0%

Portion over £125,000 up to £250,000 2% Portion over £125,000 up to £250,000 5% Portion over £150,000 up to £250,000 2%

Portion over £250,000 up to £925,000 5% Portion over £250,000 up to £925,000 8% Portion over £250,000 5%

Portion over £925,000 up to £1,5000,000 10% Portion over £925,000 up to £1,5000,000 13%

Portion over £1,500,000 12% Portion over £1,500,000 15%Whole price if over £500,000 by NNP

315%

Threshold Residential properties Threshold Non-residential properties

Portion up to £125,000 0% Whole price up to £150,000 0%

Portion over £125,000 up to £250,000 2% Whole price if over £150,000 1%

Portion over £250,000 up to £925,000 5% Whole price if over £250,000 3%

Portion over £925,000 up to £1,5000,000 10% Whole price if over to £500,000 4%

Portion over £1,500,000 12%

Whole price if over £500,000 by NNP3

15%

R1Rates of Stamp Duty - Conveyances and transfers of land, buildings and property other than stocks and shares.

Threshold and rates of stamp duty 4 5

Date: 01/04/20166 7

Date: 04/12/20144

Table updated September 292017


System prior to 4th December 2014

Threshold and rates of stamp duty 4

Nil rate 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 5.0% 7.0% 10.0% 12.0% 15.0%

up to if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds

£ £ £ £ £ £ £ £ £ £ £ £ £ £

3,500 3,500 4,500 5,250 6,000 - - - - - - - - -

4,500 4,500 6,000 - - - - - - - - - - -

5,500 5,500 7,000 - - - - - - - - - - -

10,000 10,000 15,000 - - - - - - - - - - -1

15,000 15,000 20,000 25,000 30,000 - - - - - - - - -

20,000 20,000 25,000 30,000 35,000 - - - - - - - - -

25,000 25,000 30,000 35,000 40,000 - - - - - - - - -

30,000 - 30,000 - - - - - - - - - - -

250,000 - 250,000 - - - - - - - - - - -

30,000 - 30,000 - - - - - - - - - - -

60,000 - 60,000 - - - - - - - - - - -

60,000 - 60,000 250,000 500,000 - - - - - - - - -

60,000 - 60,000 - 250,000 - 500,000 - - - - - - -

60,000 - 60,000 - - 250,000 - 500,000 - - - - - -

60,000 - 60,000 - - - 250,000 - 500,000 - - - - -2

60,000 - 60,000 - - - 250,000 - 500,000 - - - - -

150,000 - 150,000 - - - 250,000 - 500,000 - - - - -

120,000 - 120,000 - - - 250,000 - 500,000 - - - - -

150,000 - 150,000 - - - 250,000 - 500,000 - - - - -

125,000 - 125,000 - - - 250,000 - 500,000 - - - - -

150,000 - 150,000 - - - 250,000 - 500,000 - - - - -

125,000 - 125,000 - - - 250,000 - 500,000 1,000,000 - - - -

150,000 - 150,000 - - - 250,000 - 500,000 - - - - -

125,000 - 125,000 - - - 250,000 - 500,000 1,000,000 - - - 2,000,0003

150,000 - 150,000 - - - 250,000 - 500,000 - - - - -

125,000 - 125,000 - - - 250,000 - 500,000 1,000,000 - - - 2,000,0003

150,000 - 150,000 - - - 250,000 - 500,000 - - - - -

125,000 - 125,000 - - - 250,000 - 500,000 1,000,000 - - - 500,0003

150,000 - 150,000 - - - 250,000 - 500,000 - - - - -

01-05-1974

Date

01-08-1958

01-08-1963

01-08-1967

01-08-1972

(Residential)

06-04-1980

22-03-1982

13-03-1984

20-12-1991

20-08-1992

16-03-1993

08-07-1997

24-03-1998

16-03-1999

28-03-2000

01-12-2003

Residential

(Non-Residential)

17-03-2005

Residential

Non-Residential

23-03-2006

Residential

Non-Residential

06-04-2011

Residential

Non-Residential

21-03-2012

Non-Residential

22-03-2012

Residential

Non-Residential

20-03-2014

Residential

Non-Residential

Table updated 29 September 2017


Threshold and rates of stamp duty 4

Nil rate 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 5.0% 7.0% 10.0% 12.0% 15.0%

up to if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds if exceeds

£ £ £ £ £ £ £ £ £ £ £ £ £ £Date

1

2

i

ii

3

4

5

6 From 17 March 2016, SDLT for non-residential property is charged at different rates depending on the portion of the purchase price that falls within each rate band.

7 The figures for the value of property transactions are generally less reliable than receipts or numbers of transactions. The method used for estimating these total values means that in some instances the broken-down figures will not sum to the country-wide totals.

Reference Notes (for both Rates of Stamp Duty tables above)

SDLT is no longer payable in Scotland and has been replaced with Land and Buildings Transaction Tax

From 1 April 2016, those purchasing additional residential properties are liable to pay an additional 3% on top of the current residential SDLT marginal rates.

Northern Ireland 1 August 1974.

From the 1st December 2003 separate starting rates were applied to residential and commercial transactions:

residential property transactions, consist mainly of home purchases but also include other transactions which cannot be regarded as purchases for owner occupation e.g. the separate purchase of a private garage or the purchase

of the freehold by the leaseholder;

commercial property covers all land and commercial and industrial property e.g. shops, commercial garages, hotels, public houses etc.

Higher rate for corporate bodies - From 20 March 2014 SDLT is charged at 15 per cent on interests in residential dwellings costing more than £500,000 purchased by certain non-natural persons (NNP). Previously (From 21 March

2012) the threshold had been £2 million. This broadly includes bodies corporate, for example companies, collective investment schemes and all partnerships with one or more members who are either a body corporate or a

collective investment scheme. There are exclusions for companies acting in capacity as trustees for a settlement and property developers who meet certain conditions.

From 4 December 2014, SDLT for residential property is charged at different rates depending on the portion of the purchase price that falls within each rate band.


Contact point for statistical enquiries

Lisa Eyers

KAI Indirect Taxes, Customs & Co-ordination

HM Revenue & Customs

100 Parliament Street

London

SW1A 2BQ

03000 517 149

Email: [email protected]

For more general enquiries please refer to the HMRC website:

https://www.gov.uk/government/organisations/hm-revenue-customs

or contact the Stamp Taxes Helpline on 0300 200 3510.

Publication calendar

Historic releases of property publications can be found on the National Archives website:

http://webarchive.nationalarchives.gov.uk/*/http://www.hmrc.gov.uk/stats/stamp_duty/menu.htm

The full publication calendar can be found on the ‘scheduled updates’ page of the HMRC website:


And is also published on the Publication Hub for UK National Statistics:

https://www.gov.uk/government/statistics/announcements

Revisions policy for the Annual Stamp Tax Statistics publication

Reference: national statistics publications for indirect taxes

Meeting user needs

R2 Other information

Publications will be released on the last working day of September but are brought forward whenever

the last working day is a Monday or a non-working day (i.e. publications are never published on a

Monday, Saturday or Sunday).

This release, containing data for 2016-17, was released on 29 September 2017 at 9:30am. The next

release, with data for 2017-18, will be published on 28 September 2017.

Due to updates and improvements made to the quality of the data, some minor revisions have been

made to the figures published in previous years.

We are committed to improving the official statistics we publish. We want to encourage and promote

user engagement, so we can improve our statistical outputs.

As part of our user engagement, we held a consultation from 19 November 2015 to 11 February 2016.

The results of this consultation have been published:

https://www.gov.uk/government/publications/user-consultation-hmrc-indirect-tax-receipts-statistics

Following the user consultation, we have discontinued the Annual UK Property Transaction Statistics

publication, which was previously released each June. The majority of the data released in that

publication has been incorporated into this bulletin to meet user demand. We would welcome

feedback on this change.



https://www.gov.uk/government/organisations/hm-revenue-customs

http://webarchive.nationalarchives.gov.uk/*/http:/www.hmrc.gov.uk/stats/stamp_duty/menu.htm




If you have specific questions on the statistics in this publication please contact the team directly:

[email protected]

For further information and questions about tax rules please refer to the HMRC website.

Users


Uses

• By academics and analysts to look at longer term trends in the UK property market;

• In monitoring the impact of the current economic climate on the UK property market;

• By businesses to understand the property market or plan business strategies;

Code of practice for Official Statistics

HMRC complies with the Code of Practice and supporting Principles:


Pre-release access

Policy:

Access list: https://www.gov.uk/government/statistics/hmrc-statistics-pre-release-access-list

A National Statistics publication

Designation can be broadly interpreted to mean that the statistics:

• meet identified user needs;

These statistics are produced primarily to enable analysis and monitoring of the residential and non-

residential property markets. Within HM Revenue and Customs and HM Treasury, they are primarily

used by policy makers in the development of housing and tax policy, monitoring of tax receipts,

ministerial briefing and responding to queries from the public.

These annual Stamp Taxes Statistics are used by government and policy makers, analysts,

academics, media, businesses, public bodies and the public.

Last year we held a user consultation on the bulletins for Stamp Duty Land Tax and Property

Transactions. As part of this review we took the decision to discontinue our 'Annual Property

Transactions' publication. We have now included extra information on transactions within this

publication, but please note the cautions described in Section 6.4 about making comparisons with the

figures from the discontinued publication. The results of the consultation can be found at:

National Statistics are produced to high professional standards set out in the Code of Practice for

Official Statistics. They undergo regular quality assurance reviews to ensure that they meet customer

needs. They are produced free from any political interference.

The United Kingdom Statistics Authority has designated these statistics as National Statistics, in

accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the

Code of Practice for Official Statistics.

Outside of HMRC and HMT, past user engagement has highlighted a variety of examples for how

these statistics are used:

• By market analysts and media to examine and report on the latest movements in the UK property

market and the wider economy;

• By other government departments and policy makers in understanding the impact of past policy

changes and to inform decisions on future policy;

• The geographic breakdowns help inform research on market movements at national, regional and

local levels.

They are best used in conjunction with other monthly housing market indicators, some of which can be

found in the 'Related Statistics' section on page 9.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/275579/sta

tement.pdf





https://www.gov.uk/government/statistics/hmrc-statistics-pre-release-access-list

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/275579/statement.pdf

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/275579/statement.pdf

• are well explained and readily accessible;

• are produced according to sound methods; and

• are managed impartially and objectively in the public interest.

For general enquiries about National Statistics, contact the National Statistics Public Enquiry Service on:

Tel: 0845 601 3034

Overseas: (+44) 1633 817 521

Minicom: 01633 812399

E-mail: [email protected]

Fax: 01633 652747

By post: Customer Contact Centre, Room D265, Cardiff Road, Newport, NP10 8XG

You can also find National Statistics on the internet:


Once statistics have been designated as National Statistics it is a statutory requirement that the Code

of Practice shall continue to be observed.



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