Stamp duty

Stamp duty take down by £745m since 2017/18 HMRC figures show that following the revamp of stamp duty rules, stamp duty receipts for residential housing transactions fell by £745m between 2017/18 and 2018/19, slipping from £9.07bn to £8.32bn in the first year-on-year drop seen since 2008/09. Meanwhile, the FT suggests Boris Johnson “clearly has stamp duty in his sights,” with the Prime Minister reportedly considering scrapping it for certain price brackets.