The Treasury received £13.2bn in Stamp Duty revenue in 2021, the highest amount ever for a calendar year, according to analysis of HMRC receipts by Coventry Building Society.
Stamp Duty receipts for December (£1.7bn) were 44% up on November 2021 (£1.2bn) and 34% higher than pre-pandemic levels in December 2019 (£1.3 bn).
Commenting on the HMRC receipts, Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “2021 was a very lucrative year for the Treasury, even with the Stamp Duty holiday running until the end of September.
“With receipts last year being at their highest ever, the property market has clearly weathered the storm of the last couple of years.
“We’d expect to see a more steady level of activity in 2022 but with house prices remaining high due to a lack of housing stock, HMRC will most likely still bring in a healthy amount of revenue from Stamp Duty.
“Of course, it’s not such good news for homebuyers; with general living costs on the rise, a Stamp Duty bill will be an unwelcome, and in some cases prohibitive, additional cost.”
