London: stamp duty land tax receipts 2000-2021

Stamp Duty Land Tax (SDLT) is levied on properties bought over the threshold of 125 thousand British pounds. The tax is implemented on all residential transactions unless they are a first time home buyer and therefore can claim a form of discount. The total value of stamp duty land tax receipts in the fiscal year 2020/21 came to approximately 3.5 million British pounds. A peak was seen in 2017/18 when receipts for residential transactions amounted to approximately 3.64 million British pounds.

One of the measures introduced as a response to the coronavirus (COVID-19) pandemic was a temporary reduction in the rates of the stamp duty land tax. The stamp duty holiday applied to purchases made between July 2020 and June 2021 with property value of up to 500,000 British pounds.

Value of stamp duty land tax receipts for residential properties in London (UK) from fiscal year 2000/01 to fiscal year 2020/21 (in million GBP)

Characteristic	Estimated Property Value*	Receipts
2006/07	67.8	1.84
2007/08	68.46	1.95
2008/09	34.39	0.9
2009/10	39.02	1.03
2010/11	48.86	1.35
2011/12	52.95	1.64
2012/13	55.72	2.02
2013/14	72.71	2.72
2014/15	79.75	3.03
2015/16	87.74	3.37
2016/17**	72.9	3.41
2017/18**	73.1	3.64
2018/19	67.78	3.26
2019/20	69.03	3.29
2020/21	75.6	3.5

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Release date

October 2021

More information

Region

United Kingdom

Survey time period

2000 to 2021

Supplementary notes

* The source added the following information "The method used to estimate property values means that subtotals may not sum to the overall total. SDLT transactions at £40,000 or above."

** SDLT ceased being charged in Scotland from April 2015.

*** Provisional figures.
2016/2017 and 2018/2019 An improved methodology for receipts has been implemented from 2017-18 onwards. Figures are not directly comparable to previous years. For further information please refer to the Methodology Quality Report.

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