Stamp duty sums see sharp increase in Q3
November 4, 2019
The latest Gov figures on stamp duty tax receipts show that: –
- Transactions increased by 14% from 268,400 in Q2 2019 to 305,100 in Q3 2019. This is a similar increase to last year.
- Q3 2019 receipts were £3,150 million, 20% higher than in Q2, a sharper increase than for last year. This is due to a 25% rise in residential receipts and a 7% rise in non-residential receipts. Both transactions and receipts have stayed broadly the same in Q3 2018 and Q3 2019.
- 61,200 transactions claimed first time buyers’ relief in Q3 2019, making a total of 401,900 claims since the relief’s introduction. The estimated total amount relieved over that period is £955 million.
Please find below comment from Marc von Grundherr, director of lettings and estate agent, Benham and Reeves.
Director of Benham and Reeves, Marc von Grundherr, commented:
“A healthy increase in stamp duty tax receipts demonstrates the slow but steady property landscape we’ve seen over the course of the year.
While price growth may have stuttered, we continue to see sales transact and while many first-time buyers have benefited from stamp duty relief, many other homebuyers will still be wondering why they are still forced to pay an archaic land tax introduced to fund a war against France.
Albeit, in the current context of Brexit, some might argue we are indeed still ‘at war’.”
You May Also Enjoy
Bonfire Night could cause £1,500 in property damages
New research from Adiuvo, the UK’s leading provider of 24/7 property management support, warns that Bonfire Night could cost renters an average of £1,475 in property damage if proper care is not taken, but that with a few simple safety checks in place, the much-loved evening of celebration and community can go off without a…
Read More 
Buying a Home? What you need to know about asbestos
Asbestos is a well-known issue in UK housing – but while it’s rightly treated with caution, it doesn’t need to cause alarm. With the right advice and professional guidance, it’s a manageable problem that shouldn’t stand in the way of purchasing a dream home. Used widely in construction until 1999, asbestos is often found in…
Read More 
Hodge Bank introduces 80% LTV on Interest Only Mortgages, helping borrowers maximise their affordability
Specialist lender Hodge has today announced it will accept 80% Loan to Value (LTV) on Interest Only Mortgages to help borrowers expand their affordability. The criteria enhancement is the latest in a raft of changes introduced by the lender in a bid to make its underwriting as flexible as possible. This change applies to Hodge’s…
Read More 
Breaking Property News 4/11/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Fine & Country network prepare for success in 2026 Premium estate agency Fine & Country is delighted to announce the return of its Regional Meetings this November, bringing together business owners, key decision-makers, and leading agents from across the network. These highly anticipated events…
Read More 
The end of the ‘Forever Home’? 63 per cent of young homeowners prioritise flexibility and renovation potential over permanence
63 per cent of younger homeowners (18-34 year olds) find the ‘forever home’ concept less important than older generations Nearly half (45 per cent) of the same group of homeowners expect to move home within the next five years, embracing a flexible ‘Right Now Home’ model 23 per cent of 18-34 year olds view their…
Read More 
Ignoring these simple winter property maintenance tasks could cost you big time
The latest research from nationwide cash buying company and quick sale specialists, Springbok Properties, has revealed that failing to complete some of the most common winter home maintenance tasks could cost homeowners thousands of pounds, as ignored issues turn into major repair jobs over the colder months. Springbok Properties analysed a series of essential winter…
Read More