Figures published recently by HMRC have shown that £1.31 billion was paid in Stamp Duty Land Tax (SDLT) in November.
HMRC said that this amount was due to increased transactions and changes to policy.
The stamp duty threshold is set to fall in April 2025, making more individuals liable to the tax. The exemption threshold for standard residential properties will reduce from £250,000 to £125,000 and for first-time homebuyers it will fall from £425,000 to £300,000.
Experts have warned that the threshold changes will cause bills to rise and generate additional stamp duty charges for homebuyers.
Meanwhile, HMRC’s data also showed that inheritance tax (IHT) receipts reached £5.7 billion between April 2024 and November 2024.
Tax receipt figures for other taxes revealed that £294.4 billion was paid in income tax, Capital Gains Tax (CGT) and National Insurance between April 2024 and October 2024
24/12/2024
View all >
14/07/2025
IHT on pensions most unpopular tax rise
Inheritance Tax (IHT) on pensions is the most unpopular of the tax raising measures introduced by the Labour government during its first year, according to a survey.
READ MORE
HMRC to fine crypto investors
UK-based holders of cryptoassets will have to provide personal details to crypto service providers or face penalties of up to £300 from HMRC.
HMRC plans risk overreach
HMRC plans to introduce a tax avoidance criminal offence risks overreach, the Chartered Institute of Taxation (CIOT) has warned.
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.