SDLT Receipts by Year and Month: The Full HMRC Series

This is the running series rather than the write-up of a single release. Every figure on this page is on one basis: Stamp Duty Land Tax alone, cash receipts, England and Northern Ireland, stated in £ millions as published in HMRC's statistics table. Scotland charges Land and Buildings Transaction Tax through Revenue Scotland and Wales charges Land Transaction Tax through the Welsh Revenue Authority, so there is no single UK stamp duty receipts figure and none is quoted here.

The most recent release added July 2026 data. For the news coverage of that release, and what the reported headline actually contained, see our separate report on SDLT receipts to July 2026. This page keeps the longer run behind it.

Recent months are provisional and are revised in later releases, so a movement of a few million pounds in a single month should not be read as a signal about the market. Receipts data describes the national total, not what any one buyer pays. For the tax due on a specific purchase at current rates, use our stamp duty calculator.

Most disagreements about whether stamp duty receipts are rising or falling come down to which of four totals is being quoted. All four are real and all four are published. They are not interchangeable, and they can point in different directions over the same months.

The combined stamp taxes line is always the larger of the first two, and it moves with equity market activity as well as with housing, so a rise in it is not evidence that buyers paid more on homes. The fourth line is the only genuinely UK-wide property transaction tax figure, and no single HMRC table publishes it: it has to be built from HMRC, Revenue Scotland and Welsh Revenue Authority data, which is why it is shown further down this page as an approximation rather than an official statistic.

The clearest recent example of the first two going wrong in national coverage is the release of 21 August 2026, which we take apart separately in SDLT receipts to July 2026.

Financial years run from 1 April to 31 March. Every figure below is SDLT alone, covering England and Northern Ireland. Years before 2024-25 are shown to the precision HMRC publishes them in its annual statistics.

The shape of the series is policy-driven rather than a smooth trend, and the last two years show why the direction of a policy effect matters more than its size. Pulling completions forward, as buyers did before April 2025, moves revenue between periods and then reverses. Lowering the nil-rate band raises the tax collected on almost every transaction and keeps doing so. That is why 2025-26 rose once the rush had unwound rather than falling back.

Property transaction tax is devolved. SDLT applies in England and Northern Ireland and is collected by HMRC. Scotland charges LBTT through Revenue Scotland and Wales charges LTT through the Welsh Revenue Authority, each with its own bands and its own additional property surcharge. Adding the three together is the only way to reach a UK-wide property transaction tax total, and because it draws on three separate publications it is an approximation rather than a published statistic.

The whole table is on the 2024-25 financial year so that all three taxes cover the same period. The LBTT and LTT entries are rounded figures from the devolved authorities' own annual publications and are shown only to size the split, not as precise outturns. SDLT alone for the following year, 2025-26, was £15,159m, and the devolved totals for that year are published separately by Revenue Scotland and the Welsh Revenue Authority.

SDLT's dominant share reflects England's population and its concentration of high-value London and South East transactions rather than a higher rate. See our side-by-side comparison of SDLT, LBTT and LTT for how the three rate structures actually differ, or work a purchase through the Scottish LBTT calculator or the Welsh LTT calculator.

Three things account for most of the movement across the last three financial years. Only one of them is a market effect.

Forecasts made while the pre-April 2025 rush was still unwinding pointed to SDLT easing in 2025-26 as the pulled-forward completions dropped out of the numbers. The outturn went the other way. Receipts were £15,159m, 9.2% above 2024-25 and among the largest years in the series. The reason is the distinction set out above: a pull-forward moves revenue between periods, whereas a lower nil-rate band raises the tax on each transaction and keeps raising it.

Nothing in the receipts data changes a rate or a threshold. The next fiscal event that could is the Budget on Wednesday 28 October 2026, and on 27 July 2026 the Prime Minister ruled out changing or scrapping stamp duty at it, which rules it out for that Budget rather than permanently. For the policy history see our Budget stamp duty timeline, and for the live proposals see stamp duty reform proposals.