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HMRC assesses 2014 SDLT reforms

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HMRC’s preliminary analysis of the restructured SDLT rates on residential property introduced in December 2014 shows an estimated reduction of £657m in SDLT liabilities in the UK overall between December 2014 and December 2015. SDLT receipts on properties above £1m increased by around 15% on a flat or falling number of transactions. See

The December 2014 reforms changed the residential stamp duty system from a ‘slab’ to a ‘slice’ structure. In a press release, the chancellor made reference to a recent IMF report which observed that the reform has ‘reduced distortions’ and is ‘a step in the right direction’.

Issue: 1299
Categories: News