Vouchers for stamp tax for April 2025 to August 2025 were £ 8.1 billion, which is £ 0.8 billion higher than the same period last year, according to the latest figures from HMRC.
And home buyers paid £ 9.3 billion in stamp rights between January and August this year, according to the analysis of the Coventry Building Society of the HMRC statistics. This represents an increase of 20.6% compared to the £ 7.7 billion paid in the same period last year.
In August, home buyers paid £ 1.3 billion, compared to £ 1.4 billion in July – and this could prove to be the annual peak for the tax.
A potential commotion on real estate tax achieved the headlines in mid -August, with suggestions that stamp rights can be deleted in the autumn budget and are replaced by a new one real estate tax For sellers on houses with a value of more than £ 500,000.
More recently, it came to light that the government is considering paying home buyers to pay stamp rights in installments.
As Coventry BS notes, this can take some financial pressure from buyers, but it may still add a low uncertainty that people can encourage to set fire to a movement for the time being.
Coventry Building Society Head of Intermediary Relations Jonathan Stinton noted: “Nobody wants to be the last to pay the old load. If people think they can save thousands under a new system, or even spread the costs over time, some can choose to buy until there is more clarity.
“The idea of moving the burden from buyers to sellers, or to allow spread payments, would be a considerable stir, and for many buyers it would remove one of the biggest obstacles to possessing a house. But speculation can hold the housing market for a minute while people wait to see what happens.”
Stinton added that every reform had to be carefully thought out to prevent unintended consequences.
“Passing on the tax to sellers can ensure that people at the top of the chain think twice about moving, while spread repayments can influence how many people can borrow. Reform must find the right balance so that it supports buyers, keeps sellers on the market and the housing market helps to keep moving.”