Buyers in the UK house paid a huge £ 1.4 billion in stamping rights while surpassing the deadline of March 2025, according to the latest figures from HMRC.
Higher receipts in February to March 2025 compared to previous years were driven by a combination of increased transaction levels prior to the change in tax on the tax on the housing tax from April 2025 and higher rates for the tax on the stamp rights for additional property
The £ 1.4 billion in stamping rights in March, represented an increase of £ 357 million (34%) compared to February and an increase of £ 544 million (63%) compared to March 2024, according to the analysis of Coventry Building Society of the last HMRC statistics. This was the last month where home buyers could benefit from the reduced thresholds for stamp rights.
From 1 April the thresholds fell by zero from £ 250,000 to £ 125,000 for home movements – the tax assessment on an average priced house in England from £ 2,082 to £ 4,582.
The first time that buyers aid fell from £ 425,000 to £ 300,000. The average first time Koperhuis in London is £ 477,695, which means that the seal rights liability for a typical first buyer in the capital was shaken from £ 2,634 to £ 8,884.
The thresholds are now at levels that were originally set in 2014, when the average house price in England was £ 191,986 (now £ 291,640) and the tax account was £ 1,340 (now £ 4,582).
So far, home buyers have paid £ 3.3 billion in real estate tax this year.
Responding to the latest data of the data from Coventry of intermediary relationships said Jonathan Stinton: “March would always be a busy month for home buyers, with people hurrying to complete before the edge of the stamp obligation. Now the deadline have elapsed, many will be confronted with thousands of the cost of the cost of the cost of the cost of the cost of the cost of the cost of the costs of the more in the costs of the more in the costs of the allowances, legal fees, legal fees, legal fees, legal fees, legal fees, legal fees, legal fees, legal fees, legal statements, the costs of a house. “
He added: “This kind of changes not only have an influence on individual buyers – they can shift the market as a whole. Some can postpone moving, while others can be priced from areas where the average house price is above the threshold. It raises the question of whether our real estate tax system keeps pace with the housing market.”