Forum | I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 by Keno

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I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 09:55 - Jan 23 with 938 views

This was a 26.7% fall on the record total of £16.2bn paid by homebuyers in 2022.

https://theintermediary.co.uk/2024/01/homebuyers-paid-11-8bn-in-stamp-duty-in-20

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I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 on 09:59 - Jan 23 with 902 views

Sarge

I paid no stamp duty when buying my first house in Jan 2023, thanks to Kwasi’s short lived reign as Chancellor. Might have been a pretty disastrous run overall but I’ll always have that to thank him for

I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 on 10:37 - Jan 23 with 812 views

SuperKieranMcKenna

Hardly surprising- interest rates killed the market. The other factor is the Govt do so many ‘stamp duty holidays’, people just sit waiting for the next one (saving thousands of pounds). For a party that supposedly believes in the free market, they don’t half like manipulating it).

I’m sure they’ll do another stamp duty break in the near future as part of their election bribes….

I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 on 10:58 - Jan 23 with 768 views

Blueschev

I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 on 09:59 - Jan 23 by Sarge
I paid no stamp duty when buying my first house in Jan 2023, thanks to Kwasi’s short lived reign as Chancellor. Might have been a pretty disastrous run overall but I’ll always have that to thank him for

I didn't pay stamp duty when I brought my first house last year. Isn't the threshold for first time buys still something like £300k?

I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 on 11:13 - Jan 23 with 740 views

Sarge

I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 on 10:58 - Jan 23 by Blueschev
I didn't pay stamp duty when I brought my first house last year. Isn't the threshold for first time buys still something like £300k?

Was bumped up to £425k in the Truss era but don’t know if it’s fallen back down again.

I found this interesting - Homebuyers paid £11.8bn in Stamp Duty in 2023 on 16:23 - Jan 23 with 569 views

bluelagos

Volume of transactions around 70% of previous years isn't it atm?

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