£1Billion missing revenue from Stamp Duty

More negative news in UK property and this time a £1,000,000,000 missing pot of cash thanks to the Governments handling of Stamp Duty. Not so much in favour has been the hiked up tax imposed on high end value property which has seen a fair slow down in this section of the market, a whooping 10% has seemed to have kept the buyers away:

£0 – £125,000 – 0% Stamp Duty

£125,001 – £250,000 – 2% Stamp Duty

£250,001 – £925,000 – 5% Stamp Duty

£925,001 – £1,500,000 – 10% Stamp Duty

Of course, many will argue that those at the top end of the property market can certainly afford to pay out such high amounts of tax and many will have made quite a packet from recent years of house price inflation anyway, though this thought process has not worked that well for the government and this ten figure number is missing from the Treasury due to George Osbourne’s stamp duty hikes of four years ago.

I agree with the higher tax that was posed on buy to let property, a 3 per cent surcharge on second homes to discourage landlords, though in all honesty this could be extended further and if scaled, ie this tax amount raises as your portfolio increases, we would have a very simple solution in solving much of the housing crisis and the over valued property across the country than we have – a flood of property on to the market held by investors / landlords would see movement in property value, ie down, and increased people being able to get on to the property ladder. Yes for sure there are many people that do not want to own a property and may still struggle to afford a home of their own so landlords (because council property has suffered in recent years) are still needed.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Home and Living

High Quality Modular Homes for the UK

Are you looking for added accommodation space in your garden / on your land? Modular Living Homes by tutumHOUSE offer a new way to live – minimalist in form, rich in experience. “There are approximately 9.6 million homes in the UK with a garden shed, and around 52% of the population owns one.” asgardsss There…
Read More
Estate Agent Talk

The most stressful places to move to in the UK

With more people in the UK moving homes during summer than any other season and the average cost of moving in the UK rising to over £14,000, picking the right place to move to has become more crucial than ever. Luckily, new research from Pay Less for Storage reveals the UK cities that make life easiest…
Read More
Estate Agent Talk

Time-Traveling Estate Agent Sequel Climbs Amazon Charts

A UK Estate Agent Currently Bringing Joy to People’s Lives – Shame He’s Fictional…   Eric Meek, the fictional estate agent created by author Dale Bradford, is back for a second outing in The Time‑Travelling Estate Agent 2, a sequel that is already climbing Amazon’s bestselling time‑travel rankings. Estate agents were recently highlighted as the third…
Read More
Estate Agent Talk

Is it finally time for lenders to back green homes?

Andrew Smith weighs the risks and rewards Property developers are increasingly pitching green homes to lenders; however, with sales cycles slowing down and repair costs rising, is now the right time to back sustainable builds and at what price point is there market demand? Sustainability is continuing to shape our future of construction with the…
Read More
Breaking News

Breaking Property News 24/07/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   OpticWise – digital infrastructure in commercial real estate If your building were a product, how would it perform on the user experience scale?  Week 9: Experience as Infrastructure – Designing for Human-Centric Buildings Welcome to Week 9 of our 52-week journey into the future…
Read More
new build homes colchester essex
Breaking News

UK Housebuilding Falters as Construction Hiring Flatlines

New research from Inventory Base reveals that UK construction industry employment has increased by almost 11% in the past five years, but there has been less than 1% growth in the past 12 months. Inventory Base’s analysis of the UK construction industry shows that in 2024 (latest data available) it employed an estimated total of…
Read More