UK Property Tax Receipts Jump Ahead of Tax Break Overhaul

The UK saw a surge in revenue from property transaction taxes ahead of a major tax change that took effect earlier this year.

Stamp duty land tax receipts rose 20% in 2024-25 to around £13.9 billion ($18.6 billion), up from about £11.6 billion in 2023-24, according to the latest data released by His Majesty’s Revenue and Customs on Thursday.

SDLT is paid by buyers on purchases of property or land in England and Northern Ireland above certain price thresholds. From April 2025, the nil-rate threshold—the amount buyers pay before SDLT is charged—was reduced to £125,000 from £250,000.