£1Billion missing revenue from Stamp Duty

October 22, 2018

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

Estate Agent Talk

Dolphin v Beauchamp Estates v Hudsons – Elite Apartment Rental Options in London SW1

London has long been known as a potpourri of diverse cultures, lending it a whimsical charm while being a major global hub. Renowned for its juxtaposition between modernity and royal heritage, it’s a unique blend of ancient landmarks and contemporary living. You’ll find avant-garde architecture sitting comfortably alongside historic streets and vibrant neighbourhoods. While the…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Stay secure this Christmas: Home security tips for high-value homes

High value home insurance specialists, Stanhope, are warning homeowners to be especially careful this Christmas. “It’s a busy time for everyone, including burglars,” says Director, Matthew Ashton, who highlights why high value homes are particularly vulnerable and what to do about it. “High value homes are easy to identify thanks to tell-tale signs of wealth…
Read More →
Letting Agent Talk

Six months on: How the new anti money laundering regulations are reshaping the lettings market

Six months have passed since the anti-money laundering (AML) rules came into effect, bringing mandatory financial sanctions checks into every area of the lettings market. When the changes were first introduced, many landlords were surprised by the breadth and immediacy of the requirements. Half a year on, the sector is now seeing how the industry…
Read More →
Breaking News

Private rent and house prices, UK: December 2025

Main Points Average UK monthly private rents increased by 4.4%, to £1,366, in the 12 months to November 2025 (provisional estimate); this annual growth rate is down from 5.0% in the 12 months to October 2025. Average rents increased to £1,422 (4.4%) in England, £820 (6.1%) in Wales, and £1,012 (3.3%) in Scotland, in the…
Read More →
Breaking News

Breaking Property News 17/12/25

Daily bite-sized proptech and property news in partnership with Proptech-X. How to get Proptechs from MVP to EXIT Reporter Zara S. Proptech has spent years trying to prove its relevance to the property industry. New platforms appear daily, capital flows in cycles, and “disruption” is promised more often than it is delivered. What is far less…
Read More →
Estate Agent Talk

Why Real Estate Pros Should Care About the RoHS Directive in Smart Home Tech

Some of the tasks that real estate pros perform nowadays include negotiating and posting, and checking houses on property listings. You also have to deal with buyers who expect “smart-everything,” landlords who want long-term reliability, and tenants who care about safety and sustainability. In the middle of these expectations, there’s rohs directive. Why should you…
Read More →