Coverage:
United Kingdom

Released:
23 May 2017

Next release:
21 June 2017

Frequency of release:
Monthly


Media contact:
HMRC Press Office
03000 585 024

Statistical contacts:
Laura Trewick
03000 510 550
revenuemonitoring@hmrc.gsi.gov.uk

Mark Dickson
03000 515 305
revenuemonitoring@hmrc.gsi.gov.uk

KAI Indirect Taxes, Customs & Coordination
HM Revenue and Customs
100 Parliament Street
London
SW1A 2BQ

Website: UK Property Transaction Statistics
https://www.gov.uk/government/collections/property-transactions-in-the-uk













UK Property
Transaction
Statistics

April 2017

Section 1: Statistics

Note: This page is experimental work to develop interactive visualisations of the statistics published here, where you can find more up-to-date data. This page is not itself a statistical release.

Guidance on the statistics

This publication presents monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. The figures are based on HMRC’s Stamp Duty Land Tax (SDLT) and the Scottish Administration’s Land and Buildings Transactions Tax (LBTT) databases. LBTT data was introduced from April 2015 so the figures from this date should be treated with particular caution. More information about data sources, quality and methodology can be found on page 7.

These statistics are generally used by analysts, academics and policy makers to examine movements and trends in the UK property market. They are best used in conjunction with other housing market indicators, for example HMRC’s Quarterly Stamp Duty Statistics Bulletin. Note that the statistics in the Quarterly Stamp Duty Statistics Bulletin are based on the SDLT certification date, whereas this bulletin reports transactions on the basis of completion date. As these dates can be up to 30 days apart, the number of transactions will differ between the two publications. Links to related statistics can be found in the ‘Related Statistics’ section on page 7.

[Reviewed 23 May 2017 / Next Review 21 June 2017]

Current Financial Year

Commentary and Charts

Key messages

The provisional seasonally adjusted UK property transaction count for April 2017 was 93,280 residential and 7,600 non-residential transactions.

Residential transactions

The seasonally adjusted estimate of the number of residential property transactions decreased by 3.4% between March 2017 and April 2017. This month’s seasonally adjusted figure is 24.7% higher compared with the same month last year, and has increased by 24.7% compared with transactions in April 2015. Chart 1A shows the historic time series for residential property transactions.

Caution should be used making comparisons of transactions between April 2017 and April 2016 as some taxpayers may have changed their behaviour as they considered the result of the June 2017 General Election, and the EU referendum in June 2016.

For April 2017 the number of non-adjusted residential transactions was about and has decreased by 20.5% than in March 2017. The number of non-adjusted residential transactions was 18.6% higher compared with April 2016.

The figures for the three most recent months are provisional and therefore subject to revision.

[Reviewed 23 May 2017 / Next Review 21 June 2017]

Non-residential transactions

The seasonally adjusted estimate of the number of non-residential property transactions decreased by 8.5% between March 2017 and April 2017. This month’s figure is 6.3% lower compared with the same month last year. Chart 1B shows the historic time series for non-residential property transactions

Non adjusted transactions have seen monthly peaks and falls as can be expected due to the seasonal nature of purchases.

Budget 2016 included a major reform to non-residential SDLT, moving from a ‘slab’ to a marginal rate ‘slice’ system. This was effective as of midnight 16 March 2016 and therefore that month includes transactions under both regimes.

The figures for the three most recent months are provisional and therefore subject to revision.

[Reviewed 23 May 2017 / Next Review 21 June 2017]

Residential property transaction completions (and Revisions)

Annual and Monthly Tables

Number of residential property transaction completions with value £40,000 or above1 2 3
Not seasonally adjusted*  Seasonally adjusted*
England Scotland Wales Northern Ireland UK   UK
Annual (financial year)
  2012-13 756,260 73,740 37,100 14,960 882,060   881,220
  2013-14 980,250 89,140 47,110 20,220 1,136,730   1,141,960
  2014-15 1,021,920 94,620 49,290 23,060 1,188,900   1,186,130
  2015-16 1,050,050 96,440 50,450 23,390 1,220,340   1,211,280
  2016-17 920,600 84,630 48,090 22,010 1,075,330   1,073,010
Annual (calendar year)
  2012 735,480 73,840 35,980 14,260 859,560   856,550
  2013 931,520 85,510 45,140 18,980 1,081,150   1,074,260
  2014 1,049,410 94,410 50,260 23,340 1,217,410   1,219,400
  2015 979,010 94,120 47,340 22,180 1,142,640   1,141,340
  2016 976,400 87,580 49,080 22,710 1,135,770   1,130,230
Monthly
  Nov-15 83,720 8,210 4,210 1,950 98,080   93,870
  Dec-15 91,850 7,850 4,570 2,010 106,290   98,550
  Jan-16 66,780 5,960 2,990 1,460 77,200   94,020
  Feb-16 76,840 5,310 3,660 1,650 87,460   98,750
  Mar-16 130,600 10,270 6,120 2,890 149,880   149,930
  Apr-16 55,530 5,820 2,860 1,300 65,510   74,820
  May-16 66,660 6,270 3,400 1,560 77,900   83,850
  Jun-16 80,410 7,680 3,990 1,930 94,010   89,200
  Jul-16 82,970 7,830 4,170 1,820 96,800   90,000
  Aug-16 87,360 7,720 4,430 1,990 101,500   89,540
  Sep-16 81,530 7,880 4,170 2,030 95,620   89,110
  Oct-16 79,310 7,120 4,190 1,870 92,480   90,050
  Nov-16 82,040 7,740 4,350 2,070 96,190   90,010
  Dec-16 86,370 7,970 4,740 2,150 101,230   90,960
  Jan-17 65,880 5,620 3,300 1,640 76,440   94,380
  Feb-17 69,550 5,220 3,510 1,680 79,960   94,520
  Mar-17 82,980 7,760 4,970 1,990 97,700   96,570

R Revised to reflect substantial amendments to tax returns data at the UK level, or changes in our seasonal adjustment methodology.
P Provisional.
1 Property transactions are allocated to the month in which the transaction was completed.
2 Not all completed transactions in the month prior to processing or the month before that will have been processed when figures for the latest month are compiled. Estimates are therefore made for the missing transactions in both the latest month and the previous month.
Month on month changes for the most recent data should not be given too much weight.
3 From April 2015 Stamp Duty Land Tax was replaced by Land and Buildings Transaction Tax in Scotland and HMRC stopped collecting data on Scotland’s transactions. HMRC are using LBTT data from Revenue Scotland to continue the series. However, there might be some discontinuities for the Scottish component of the series after April 2015. We will provide more information in future publications. Over the longer term we will review whether the series combining data in this manner meets users’ requirements
* See Reference Notes on Sheet 7

Non-residential property transaction completions (and Revisions)

Annual and Monthly Tables

Number of non-residential property transaction completions with value £40,000 or above1 2 3
Not seasonally adjusted*  Seasonally adjusted*
England Scotland Wales Northern Ireland UK   UK
Annual (financial year)
  2012-13 61,930 8,030 3,050 1,610 74,620   74,310
  2013-14 73,470 8,760 3,710 2,080 88,010   88,050
  2014-15 76,640 9,600 3,960 2,280 92,480   92,360
  2015-16 76,990 6,180 3,980 2,510 89,670   89,220
  2016-17 83,710 5,870 4,440 2,820 96,850   96,880
Annual (calendar year)
  2012 58,630 8,030 2,900 1,510 71,080   70,870
  2013 72,070 8,510 3,580 2,000 86,160   85,780
  2014 77,400 9,490 3,960 2,290 93,140   92,950
  2015 75,540 7,010 3,970 2,440 88,960   89,220
  2016 81,150 5,860 4,310 2,740 94,050   93,950
Monthly
  Nov-15 5,800 540 280 170 6,790   6,300
  Dec-15 6,860 650 350 260 8,110   7,600
  Jan-16 5,380 410 240 160 6,200   7,060
  Feb-16 6,410 420 290 200 7,310   7,690
  Mar-16 7,430 660 410 230 8,740   7,230
  Apr-16 6,490 490 350 240 7,570   8,110
  May-16 6,510 460 340 270 7,580   7,890
  Jun-16 7,270 500 390 230 8,400   8,350
  Jul-16 6,390 430 350 180 7,350   7,690
  Aug-16 6,990 440 450 240 8,130   7,890
  Sep-16 6,770 450 380 190 7,790   7,820
  Oct-16 7,040 430 350 260 8,080   8,170
  Nov-16 7,560 550 390 300 8,800   7,930
  Dec-16 6,910 610 350 230 8,110   8,130
  Jan-17 6,760 400 300 210 7,680   8,130
  Feb-17 6,600 440 340 220 7,590   8,460
  Mar-17 8,420 670 440 240 9,770   8,310

R Revised to reflect substantial amendments to tax returns data at the UK level, or changes in our seasonal adjustment methodology.
P Provisional.
1 Property transactions are allocated to the month in which the transaction was completed.
2 Not all completed transactions in the month prior to processing or the month before that will have been processed when figures for the latest month are compiled. Estimates are therefore made for the missing transactions in both the latest month and the previous month.
Month on month changes for the most recent data should not be given too much weight.
3 From April 2015 Stamp Duty Land Tax was replaced by Land and Buildings Transaction Tax in Scotland and HMRC stopped collecting data on Scotland’s transactions. HMRC are using LBTT data from Revenue Scotland to continue the series. However, there might be some discontinuities for the Scottish component of the series after April 2015. We will provide more information in future publications. Over the longer term we will review whether the series combining data in this manner meets users’ requirements
* See Reference Notes on Sheet 7

Historic

Residential transactions

The long term movement in the number of residential property transactions shown in Chart 4A reflects the general performance of the housing market over the past twelve years. The clearest feature of the time series is the sharp fall in residential transactions at the end of 2007, coinciding with the housing market slump and credit crunch. Prior to this point, the number of transactions had risen constantly over a number of years to reach a peak of around 150,000 per month. From December 2008 to February 2014, there was a slow but steady upward trend in the seasonally adjusted count.

The seasonally adjusted transaction estimate shows a distinct peak at December 2009. This is associated with the end of the Stamp Duty Land Tax ‘holiday’, during which the lower tax threshold was temporarily raised to £175,000. The forestalling effects of this ‘holiday’ coming to an end also show as higher than normal transactions in the previous few months as homebuyers brought forward their purchases. There is a corresponding drop in the early months of 2010.

There is another, smaller, peak and trough in March and April 2012 due to the ending of the SDLT first time buyers’ relief. This relief was in effect from 25 March 2010 to 24 March 2012 inclusive. Around 7,000 transactions per month benefitted from this relief, although this number doubled in its final month.

March 2016 recorded the highest number of transactions in the last ten years. This peak is associated with the introduction of higher rates on additional properties in April 2016.

Comparison of the not-seasonally adjusted and seasonally adjusted data in Chart 4A shows that activity in the residential housing market is strongest in the summer months with a clear low point around the end of the calendar year.

[Reviewed 23 May 2017 / Next Review 21 June 2017]

Non-residential transactions

The non-residential property market has mirrored, to a large extent, the ups and downs of the residential market. The credit crunch effects from 2007 triggered a similar fall in transactions but not to quite the same extent as in the residential market.

The trend in non-residential property transactions has been that of a generally flat seasonal cycle between September 2010 and September 2013, but since then there has been a rising trend. Unlike the residential market, there have been no temporary tax reliefs or ‘holidays’ in recent years to distort the underlying trend.

The seasonal pattern of the non-residential series is much less pronounced than that of the residential market, although there tends to be a low point at the start of the calendar year, with a corresponding peak each March coinciding with the end of the financial year.

[Reviewed 23 May 2017 / Next Review 21 June 2017]

Residential and non-residential transactions for the UK constituent countries

The following tables are produced from the historical data on pages 5 and 6 and show the individual breakdowns of residential and non-residential property transactions for each of the United Kingdom’s four constituent countries.

Unlike the UK aggregate series, these country breakdowns are not seasonally adjusted. However, they do exhibit similar seasonal patterns and care should be taken when examining month to month movements.

As the volume of residential and non-residential property transactions varies greatly, the transactions are displayed on a dual axis chart (residential on the left axis and non-residential on the right).

[Reviewed 23 May 2017 / Next Review 21 June 2017]




Residential property transaction completions (Historic Table)

Annual, Quarterly and Monthly Tables

Number of residential property transaction completions with value £40,000 or above1 2 3
Not seasonally adjusted*  Seasonally adjusted*
England Scotland Wales Northern Ireland UK   UK
Annual (financial year)
  2005-06 1,209,080 131,240 59,860 43,910 1,444,080   1,444,090
  2006-07 1,433,200 146,240 72,280 50,970 1,702,690   1,710,160
  2007-08 1,256,540 143,330 63,050 29,890 1,492,820   1,473,930
  2008-09 629,880 83,990 33,200 12,110 759,190   792,880
  2009-10 695,070 73,510 33,870 13,770 816,220   892,930
  2010-11 700,480 72,140 34,530 13,150 820,310   819,500
  2011-12 702,020 73,100 34,470 13,000 822,580   819,660
  2012-13 756,260 73,740 37,100 14,960 882,060   881,220
  2013-14 980,250 89,140 47,110 20,220 1,136,730   1,141,960
  2014-15 1,021,920 94,620 49,290 23,060 1,188,900   1,186,130
  2015-16 1,050,050 96,440 50,450 23,390 1,220,340   1,211,280
  2016-17 920,600 84,630 48,090 22,010 1,075,330   1,073,010
Annual (calendar year)
  2006 1,404,710 144,400 71,010 50,310 1,670,420   1,668,460
  2007 1,361,520 147,200 68,080 37,010 1,613,820   1,618,870
  2008 729,140 96,360 37,670 13,650 876,820   916,920
  2009 662,160 71,850 32,860 13,310 780,170   847,540
  2010 699,510 73,110 34,250 13,220 820,100   841,760
  2011 682,620 70,750 33,920 12,570 799,860   799,950
  2012 735,480 73,840 35,980 14,260 859,560   856,550
  2013 931,520 85,510 45,140 18,980 1,081,150   1,074,260
  2014 1,049,410 94,410 50,260 23,340 1,217,410   1,219,400
  2015 979,010 94,120 47,340 22,180 1,142,640   1,141,340
  2016 976,400 87,580 49,080 22,710 1,135,770   1,130,230
Quarterly (calendar year)
  2005-Q2 283,570 32,840 14,100 10,340 340,850   332,410
  2005-Q3 322,520 37,040 15,720 11,580 386,860   346,670
  2005-Q4 319,380 34,530 16,120 11,680 381,700   366,900
  2006-Q1 283,610 26,830 13,910 10,310 334,660   398,120
  2006-Q2 350,020 38,360 17,730 13,170 419,280   405,650
  2006-Q3 384,790 40,140 19,090 13,110 457,130   425,090
  2006-Q4 386,280 39,070 20,280 13,720 459,350   439,610
  2007-Q1 312,110 28,670 15,190 10,970 366,930   439,810
  2007-Q2 357,710 40,810 17,990 11,730 428,240   416,430
  2007-Q3 374,700 41,030 18,520 8,690 442,940   408,270
  2007-Q4 317,000 36,690 16,380 5,620 375,700   354,360
  2008-Q1 207,130 24,800 10,160 3,840 245,930   294,880
  2008-Q2 216,750 30,110 11,560 4,280 262,700   259,330
  2008-Q3 171,300 22,500 8,700 2,960 205,460   187,810
  2008-Q4 133,970 18,950 7,250 2,570 162,730   174,900
  2009-Q1 107,870 12,440 5,690 2,310 128,310   170,840
  2009-Q2 148,530 17,530 7,730 3,180 176,970   193,270
  2009-Q3 189,150 20,110 9,080 3,670 222,010   223,690
  2009-Q4 216,600 21,770 10,360 4,150 252,890   259,750
  2010-Q1 140,780 14,090 6,700 2,770 164,350   216,230
  2010-Q2 177,650 19,480 9,020 3,470 209,620   213,610
  2010-Q3 198,840 20,630 9,270 3,660 232,410   217,290
  2010-Q4 182,240 18,910 9,250 3,320 213,720   194,630
  2011-Q1 141,760 13,130 6,980 2,700 164,560   193,970
  2011-Q2 165,240 18,130 8,220 3,040 194,630   198,090
  2011-Q3 182,600 20,820 8,860 3,220 215,500   196,870
  2011-Q4 193,020 18,680 9,860 3,610 225,160   211,020
  2012-Q1 161,150 15,470 7,530 3,130 187,280   213,670
  2012-Q2 170,760 19,320 8,650 3,200 201,940   204,820
  2012-Q3 193,170 19,440 9,160 3,670 225,440   212,410
  2012-Q4 210,390 19,610 10,640 4,260 244,900   225,650
  2013-Q1 181,930 15,370 8,650 3,830 209,790   238,340
  2013-Q2 216,610 21,840 10,720 4,250 253,420   262,820
  2013-Q3 259,400 23,870 12,350 5,180 300,800   279,400
  2013-Q4 273,580 24,420 13,420 5,720 317,140   293,690
  2014-Q1 230,670 19,010 10,620 5,070 265,370   306,040
  2014-Q2 264,360 25,380 12,840 5,820 308,400   316,120
  2014-Q3 280,730 25,520 13,310 5,970 325,530   303,630
  2014-Q4 273,660 24,500 13,490 6,480 318,120   293,610
  2015-Q1 203,180 19,220 9,660 4,790 236,850   272,760
  2015-Q2 235,070 24,010 11,370 5,280 275,730   282,450
  2015-Q3 271,770 25,770 12,860 5,950 316,360   295,010
  2015-Q4 268,980 25,120 13,440 6,150 313,700   291,120
  2016-Q1 274,220 21,540 12,770 6,000 314,540   342,700
  2016-Q2 202,600 19,780 10,250 4,790 237,420   247,870
  2016-Q3 251,870 23,440 12,770 5,840 293,920   268,640
  2016-Q4 247,710 22,820 13,280 6,080 289,900   271,020
  2017-Q1 218,420 18,600 11,790 5,300 254,100   285,480
Monthly
  Apr-05 88,840 10,540 4,520 3,290 107,180   109,680
  May-05 91,030 10,180 4,540 3,260 109,010   110,270
  Jun-05 103,700 12,120 5,050 3,790 124,660   112,460
  Jul-05 107,770 12,530 5,160 3,700 129,160   113,610
  Aug-05 107,040 12,000 5,200 3,910 128,140   115,470
  Sep-05 107,710 12,510 5,370 3,970 129,560   117,590
  Oct-05 100,650 11,410 5,080 3,710 120,860   120,990
  Nov-05 103,570 11,690 5,290 3,990 124,540   119,270
  Dec-05 115,150 11,430 5,750 3,970 136,300   126,640
  Jan-06 83,980 8,500 3,970 3,280 99,730   132,100
  Feb-06 87,550 7,150 4,310 3,220 102,230   133,940
  Mar-06 112,090 11,180 5,630 3,810 132,700   132,080
  Apr-06 101,830 10,690 5,080 3,670 121,280   135,880
  May-06 113,160 11,990 5,680 4,200 135,030   133,370
  Jun-06 135,030 15,670 6,970 5,300 162,980   136,400
  Jul-06 125,720 12,790 6,090 3,880 148,490   140,770
  Aug-06 132,180 13,430 6,440 4,510 156,550   142,280
  Sep-06 126,890 13,930 6,560 4,720 152,090   142,030
  Oct-06 124,980 13,030 6,660 4,600 149,270   143,440
  Nov-06 127,530 13,120 6,580 4,540 151,770   146,670
  Dec-06 133,770 12,920 7,040 4,580 158,310   149,510
  Jan-07 97,580 9,170 4,720 3,410 114,880   148,580
  Feb-07 96,560 7,580 4,520 3,610 112,280   147,120
  Mar-07 117,970 11,920 5,940 3,950 139,770   144,110
  Apr-07 105,780 11,700 5,280 3,690 126,460   136,980
  May-07 117,560 12,750 5,830 3,970 140,100   139,920
  Jun-07 134,370 16,360 6,880 4,070 161,680   139,530
  Jul-07 128,660 13,290 6,390 3,050 151,400   137,980
  Aug-07 136,790 15,480 6,860 3,210 162,330   137,040
  Sep-07 109,250 12,270 5,270 2,420 129,210   133,260
  Oct-07 113,080 12,700 5,660 2,260 133,700   124,980
  Nov-07 112,780 13,810 5,790 1,940 134,320   119,940
  Dec-07 91,140 10,180 4,940 1,420 107,680   109,440
  Jan-08 67,220 7,800 3,110 1,220 79,350   103,660
  Feb-08 71,820 7,920 3,430 1,370 84,540   99,300
  Mar-08 68,100 9,080 3,620 1,250 82,040   91,920
  Apr-08 73,130 9,910 3,810 1,500 88,350   94,610
  May-08 74,470 10,620 4,000 1,480 90,560   87,440
  Jun-08 69,150 9,580 3,750 1,300 83,790   77,280
  Jul-08 62,400 8,020 3,130 1,000 74,560   66,860
  Aug-08 57,810 7,830 2,900 1,020 69,560   61,820
  Sep-08 51,080 6,650 2,670 930 61,340   59,130
  Oct-08 48,080 8,000 2,650 820 59,560   62,890
  Nov-08 40,020 5,640 2,150 890 48,710   55,610
  Dec-08 45,860 5,300 2,440 860 54,460   56,400
  Jan-09 30,460 3,920 1,460 640 36,480   51,660
  Feb-09 32,510 3,560 1,650 680 38,400   55,930
  Mar-09 44,900 4,950 2,580 1,000 53,430   63,250
  Apr-09 44,030 5,220 2,320 940 52,520   62,120
  May-09 47,410 5,870 2,510 990 56,780   63,760
  Jun-09 57,100 6,440 2,890 1,240 67,670   67,390
  Jul-09 62,550 7,110 3,140 1,290 74,080   71,810
  Aug-09 63,910 6,370 2,940 1,170 74,390   75,400
  Sep-09 62,690 6,630 3,010 1,210 73,540   76,470
  Oct-09 68,730 7,380 3,340 1,290 80,740   80,170
  Nov-09 66,940 6,950 3,230 1,290 78,410   80,640
  Dec-09 80,940 7,440 3,790 1,570 93,740   98,940
  Jan-10 39,480 4,370 1,760 760 46,370   64,150
  Feb-10 45,370 4,010 2,190 870 52,440   76,080
  Mar-10 55,940 5,720 2,760 1,130 65,540   76,000
  Apr-10 54,330 6,380 2,800 1,180 64,680   68,760
  May-10 56,580 5,870 2,890 1,030 66,380   71,820
  Jun-10 66,740 7,230 3,330 1,260 78,560   73,030
  Jul-10 70,410 7,550 3,340 1,310 82,610   74,120
  Aug-10 66,500 6,540 3,090 1,220 77,360   71,850
  Sep-10 61,920 6,540 2,840 1,140 72,440   71,320
  Oct-10 60,410 7,020 3,090 1,200 71,720   67,270
  Nov-10 61,400 6,290 3,160 1,120 71,960   65,390
  Dec-10 60,430 5,600 3,000 1,000 70,040   61,970
  Jan-11 43,050 3,980 2,020 790 49,850   63,610
  Feb-11 45,870 3,770 2,270 880 52,790   64,420
  Mar-11 52,830 5,370 2,680 1,030 61,920   65,940
  Apr-11 53,030 5,790 2,580 1,050 62,450   66,920
  May-11 54,060 5,700 2,690 940 63,390   66,600
  Jun-11 58,160 6,640 2,960 1,040 68,800   64,570
  Jul-11 63,510 7,000 3,060 1,050 74,620   68,920
  Aug-11 62,620 6,610 3,060 1,060 73,350   65,440
  Sep-11 56,470 7,210 2,740 1,120 67,540   62,510
  Oct-11 59,530 6,170 2,990 1,130 69,820   68,610
  Nov-11 65,630 6,390 3,410 1,280 76,720   70,720
  Dec-11 67,860 6,110 3,460 1,190 78,630   71,700
  Jan-12 50,230 4,540 2,240 960 57,970   71,780
  Feb-12 51,750 4,100 2,450 1,130 59,430   69,760
  Mar-12 59,170 6,830 2,840 1,050 69,890   72,140
  Apr-12 50,900 5,610 2,710 930 60,160   68,080
  May-12 55,140 6,110 2,640 1,010 64,900   67,380
  Jun-12 64,720 7,600 3,300 1,260 76,880   69,360
  Jul-12 63,560 6,140 2,930 1,080 73,710   69,440
  Aug-12 71,490 7,460 3,450 1,420 83,820   71,830
  Sep-12 58,120 5,830 2,780 1,170 67,900   71,140
  Oct-12 67,580 6,450 3,430 1,410 78,880   72,060
  Nov-12 76,590 7,090 3,850 1,570 89,100   78,260
  Dec-12 66,220 6,070 3,360 1,270 76,920   75,320
  Jan-13 55,280 4,610 2,400 1,150 63,440   77,480
  Feb-13 57,000 4,380 2,720 1,200 65,300   79,190
  Mar-13 69,650 6,380 3,530 1,480 81,050   81,680
  Apr-13 63,850 6,270 3,060 1,210 74,390   85,500
  May-13 77,670 7,780 3,770 1,520 90,730   89,050
  Jun-13 75,090 7,800 3,900 1,520 88,300   88,270
  Jul-13 86,740 7,650 4,170 1,680 100,250   90,960
  Aug-13 89,690 8,700 4,210 1,800 104,400   92,080
  Sep-13 82,960 7,520 3,970 1,710 96,160   96,370
  Oct-13 88,680 8,110 4,330 1,820 102,940   96,120
  Nov-13 92,420 9,000 4,540 2,000 107,950   97,110
  Dec-13 92,480 7,310 4,550 1,910 106,260   100,460
  Jan-14 75,360 6,500 3,330 1,670 86,870   99,760
  Feb-14 73,830 5,680 3,410 1,660 84,580   101,980
  Mar-14 81,470 6,830 3,880 1,740 93,920   104,290
  Apr-14 82,390 7,590 3,950 1,740 95,670   106,160
  May-14 86,870 8,830 4,300 1,980 101,980   103,880
  Jun-14 95,100 8,960 4,590 2,100 110,750   106,080
  Jul-14 96,140 8,160 4,730 2,000 111,040   103,470
  Aug-14 97,670 9,500 4,600 2,110 113,880   103,060
  Sep-14 86,910 7,870 3,970 1,860 100,620   97,100
  Oct-14 98,500 9,270 4,750 2,340 114,860   100,530
  Nov-14 84,010 8,640 4,160 2,050 98,860   98,730
  Dec-14 91,150 6,590 4,580 2,090 104,400   94,350
  Jan-15 67,350 6,270 3,180 1,590 78,380   93,010
  Feb-15 67,890 5,260 3,180 1,680 78,010   93,410
  Mar-15 67,940 7,700 3,300 1,520 80,460   86,340
  Apr-15 68,200 7,640 3,340 1,490 80,670   90,640
  May-15 75,590 7,720 3,640 1,710 88,660   93,470
  Jun-15 91,280 8,650 4,390 2,080 106,400   98,340
  Jul-15 94,370 9,370 4,560 2,040 110,330   96,580
  Aug-15 89,250 8,430 4,200 1,910 103,790   98,280
  Sep-15 88,160 7,970 4,100 2,010 102,240   100,150
  Oct-15 93,410 9,060 4,670 2,190 109,330   98,700
  Nov-15 83,720 8,210 4,210 1,950 98,080   93,870
  Dec-15 91,850 7,850 4,570 2,010 106,290   98,550
  Jan-16 66,780 5,960 2,990 1,460 77,200   94,020
  Feb-16 76,840 5,310 3,660 1,650 87,460   98,750
  Mar-16 130,600 10,270 6,120 2,890 149,880   149,930
  Apr-16 55,530 5,820 2,860 1,300 65,510   74,820
  May-16 66,660 6,270 3,400 1,560 77,900   83,850
  Jun-16 80,410 7,680 3,990 1,930 94,010   89,200
  Jul-16 82,970 7,830 4,170 1,820 96,800   90,000
  Aug-16 87,360 7,720 4,430 1,990 101,500   89,540
  Sep-16 81,530 7,880 4,170 2,030 95,620   89,110
  Oct-16 79,310 7,120 4,190 1,870 92,480   90,050
  Nov-16 82,040 7,740 4,350 2,070 96,190   90,010
  Dec-16 86,370 7,970 4,740 2,150 101,230   90,960
  Jan-17 65,880 5,620 3,300 1,640 76,440   94,380
  Feb-17 69,550 5,220 3,510 1,680 79,960   94,520
  Mar-17 82,980 7,760 4,970 1,990 97,700   96,570

R Revised to reflect substantial amendments to tax returns data at the UK level, or changes in our seasonal adjustment methodology.
P Provisional.
1 Property transactions are allocated to the month in which the transaction was completed.
2 Not all completed transactions in the month prior to processing or the month before that will have been processed when figures for the latest month are compiled. Estimates are therefore made for the missing transactions in both the latest month and the previous month.
Month on month changes for the most recent data should not be given too much weight.
3 From April 2015 Stamp Duty Land Tax was replaced by Land and Buildings Transaction Tax in Scotland and HMRC stopped collecting data on Scotland’s transactions. HMRC are using LBTT data from Revenue Scotland to continue the series. However, there might be some discontinuities for the Scottish component of the series after April 2015. We will provide more information in future publications. Over the longer term we will review whether the series combining data in this manner meets users’ requirements
* See Reference Notes on Sheet 7

Non-residential property transaction completions (Historic Table)

Annual, Quarterly and Monthly Tables

Number of non-residential property transaction completions with value £40,000 or above1 2 3
Not seasonally adjusted*  Seasonally adjusted*
England Scotland Wales Northern Ireland UK   UK
Annual (financial year)
  2005-06 112,700 10,180 6,190 5,060 134,130   133,380
  2006-07 113,310 11,120 6,440 5,350 136,230   136,830
  2007-08 114,560 12,320 6,330 4,600 137,810   138,370
  2008-09 71,010 9,430 3,990 2,170 86,600   102,920
  2009-10 52,910 7,800 2,800 1,310 64,820   92,000
  2010-11 61,510 8,350 3,210 1,490 74,560   74,860
  2011-12 56,180 8,000 2,890 1,330 68,390   68,560
  2012-13 61,930 8,030 3,050 1,610 74,620   74,310
  2013-14 73,470 8,760 3,710 2,080 88,010   88,050
  2014-15 76,640 9,600 3,960 2,280 92,480   92,360
  2015-16 76,990 6,180 3,980 2,510 89,670   89,220
  2016-17 83,710 5,870 4,440 2,820 96,850   96,880
Annual (calendar year)
  2006 113,030 10,870 6,320 5,210 135,430   135,570
  2007 115,280 12,300 6,420 5,000 139,000   139,100
  2008 90,210 10,560 5,090 2,880 108,740   116,610
  2009 48,160 7,770 2,540 1,200 59,680   87,960
  2010 60,010 8,360 3,130 1,460 72,950   80,810
  2011 57,430 7,960 3,020 1,340 69,740   70,180
  2012 58,630 8,030 2,900 1,510 71,080   70,870
  2013 72,070 8,510 3,580 2,000 86,160   85,780
  2014 77,400 9,490 3,960 2,290 93,140   92,950
  2015 75,540 7,010 3,970 2,440 88,960   89,220
  2016 81,150 5,860 4,310 2,740 94,050   93,950
Quarterly (calendar year)
  2005-Q2 27,780 2,390 1,510 1,350 33,030   32,860
  2005-Q3 28,630 2,440 1,600 1,230 33,900   34,170
  2005-Q4 27,830 2,590 1,560 1,280 33,260   32,810
  2006-Q1 28,470 2,750 1,520 1,200 33,940   33,540
  2006-Q2 28,120 2,570 1,620 1,400 33,710   33,790
  2006-Q3 27,250 2,530 1,470 1,150 32,400   33,530
  2006-Q4 29,190 3,020 1,700 1,460 35,370   34,700
  2007-Q1 28,750 3,010 1,640 1,340 34,740   34,800
  2007-Q2 28,480 3,170 1,590 1,450 34,700   34,840
  2007-Q3 28,640 2,930 1,540 1,180 34,290   35,170
  2007-Q4 29,410 3,190 1,640 1,030 35,270   34,290
  2008-Q1 28,040 3,020 1,550 940 33,550   34,080
  2008-Q2 27,560 3,090 1,670 1,000 33,320   33,170
  2008-Q3 22,860 2,290 1,260 620 27,020   26,990
  2008-Q4 11,760 2,160 620 320 14,860   22,380
  2009-Q1 8,840 1,890 450 230 11,400   20,380
  2009-Q2 11,240 1,900 620 300 14,060   20,600
  2009-Q3 13,200 1,900 680 320 16,100   22,860
  2009-Q4 14,880 2,090 790 360 18,120   24,120
  2010-Q1 13,580 1,920 700 340 16,540   24,420
  2010-Q2 15,480 2,250 820 390 18,940   19,470
  2010-Q3 15,500 2,100 820 340 18,760   19,350
  2010-Q4 15,450 2,090 780 390 18,710   17,570
  2011-Q1 15,080 1,920 790 360 18,150   18,470
  2011-Q2 14,210 1,980 780 340 17,320   17,780
  2011-Q3 13,280 2,030 690 290 16,290   16,470
  2011-Q4 14,860 2,030 760 340 18,000   17,460
  2012-Q1 13,830 1,960 650 360 16,800   16,850
  2012-Q2 14,230 2,030 710 390 17,360   17,760
  2012-Q3 14,090 1,960 680 370 17,100   17,600
  2012-Q4 16,480 2,090 860 400 19,830   18,650
  2013-Q1 17,130 1,950 800 460 20,340   20,290
  2013-Q2 16,630 2,060 870 530 20,090   20,780
  2013-Q3 18,360 2,120 930 490 21,900   22,240
  2013-Q4 19,950 2,370 980 530 23,840   22,460
  2014-Q1 18,520 2,200 930 530 22,180   22,560
  2014-Q2 19,470 2,300 1,000 620 23,400   23,880
  2014-Q3 18,840 2,430 970 490 22,740   23,070
  2014-Q4 20,560 2,560 1,060 640 24,820   23,430
  2015-Q1 17,770 2,320 930 520 21,530   21,980
  2015-Q2 18,460 1,480 1,030 680 21,650   22,060
  2015-Q3 19,890 1,530 1,010 630 23,060   23,460
  2015-Q4 19,420 1,690 990 620 22,720   21,720
  2016-Q1 19,220 1,490 950 590 22,250   21,980
  2016-Q2 20,270 1,450 1,090 740 23,550   24,350
  2016-Q3 20,150 1,320 1,180 620 23,260   23,400
  2016-Q4 21,510 1,590 1,100 800 24,990   24,230
  2017-Q1 21,780 1,510 1,080 670 25,040   24,900
Monthly
  Apr-05 9,200 800 510 410 10,910   10,410
  May-05 8,620 810 480 470 10,380   11,160
  Jun-05 9,960 790 520 470 11,740   11,300
  Jul-05 10,120 880 550 450 12,000   12,220
  Aug-05 9,100 770 540 360 10,780   11,090
  Sep-05 9,410 800 500 420 11,120   10,860
  Oct-05 8,710 770 490 410 10,370   10,970
  Nov-05 9,400 900 520 440 11,260   10,700
  Dec-05 9,720 920 540 430 11,620   11,140
  Jan-06 8,610 780 450 350 10,200   11,280
  Feb-06 7,870 750 440 340 9,410   11,120
  Mar-06 11,980 1,220 630 500 14,340   11,150
  Apr-06 9,270 860 530 460 11,110   11,630
  May-06 8,660 820 510 460 10,450   10,940
  Jun-06 10,190 900 590 470 12,150   11,210
  Jul-06 8,720 760 510 370 10,360   11,140
  Aug-06 9,030 930 480 370 10,810   11,050
  Sep-06 9,500 840 480 410 11,230   11,340
  Oct-06 9,420 1,010 590 450 11,480   11,230
  Nov-06 9,770 1,020 560 490 11,840   11,680
  Dec-06 10,000 990 550 520 12,060   11,790
  Jan-07 9,020 870 520 380 10,790   11,650
  Feb-07 8,110 860 480 420 9,870   11,670
  Mar-07 11,620 1,270 640 540 14,080   11,490
  Apr-07 9,220 1,020 530 480 11,250   11,430
  May-07 9,110 1,060 520 490 11,180   11,650
  Jun-07 10,160 1,100 540 480 12,270   11,750
  Jul-07 9,840 920 530 420 11,720   11,650
  Aug-07 9,860 1,060 520 420 11,860   11,980
  Sep-07 8,940 950 490 340 10,720   11,550
  Oct-07 10,040 1,040 600 410 12,090   11,470
  Nov-07 10,270 1,190 540 340 12,340   11,610
  Dec-07 9,100 960 500 280 10,850   11,210
  Jan-08 8,910 870 490 320 10,580   11,440
  Feb-08 8,640 940 450 290 10,330   11,250
  Mar-08 10,480 1,210 620 330 12,640   11,390
  Apr-08 11,460 1,220 720 450 13,850   13,010
  May-08 8,020 950 500 270 9,740   10,470
  Jun-08 8,070 920 450 280 9,730   9,690
  Jul-08 8,090 770 440 240 9,530   9,160
  Aug-08 6,810 710 390 190 8,100   8,680
  Sep-08 7,960 810 420 190 9,380   9,160
  Oct-08 4,380 800 220 120 5,520   8,110
  Nov-08 3,410 660 190 100 4,370   7,160
  Dec-08 3,960 690 210 100 4,960   7,100
  Jan-09 2,430 580 130 60 3,210   6,830
  Feb-09 1,760 540 90 40 2,440   6,740
  Mar-09 4,650 760 220 120 5,750   6,810
  Apr-09 3,970 600 210 100 4,880   6,710
  May-09 3,210 640 200 90 4,140   6,800
  Jun-09 4,060 660 220 100 5,040   7,090
  Jul-09 4,290 600 230 100 5,220   7,430
  Aug-09 4,440 590 230 90 5,340   7,780
  Sep-09 4,480 710 220 130 5,540   7,650
  Oct-09 4,770 680 240 120 5,810   7,850
  Nov-09 5,160 720 260 130 6,270   8,040
  Dec-09 4,960 690 280 110 6,040   8,220
  Jan-10 3,840 530 190 100 4,670   7,630
  Feb-10 3,850 560 200 100 4,700   8,400
  Mar-10 5,890 830 310 140 7,170   8,390
  Apr-10 4,750 720 240 120 5,840   5,860
  May-10 4,850 710 270 130 5,960   6,710
  Jun-10 5,880 820 310 130 7,140   6,890
  Jul-10 5,440 750 300 120 6,600   6,870
  Aug-10 5,000 660 270 120 6,060   6,200
  Sep-10 5,060 680 250 100 6,100   6,280
  Oct-10 5,020 740 280 120 6,150   6,220
  Nov-10 5,620 690 290 140 6,750   5,930
  Dec-10 4,820 660 210 130 5,820   5,430
  Jan-11 4,620 510 210 100 5,430   6,190
  Feb-11 4,720 600 260 140 5,720   6,360
  Mar-11 5,740 820 310 120 6,990   5,920
  Apr-11 4,690 620 270 110 5,700   5,970
  May-11 4,890 670 240 130 5,930   6,100
  Jun-11 4,630 680 270 100 5,690   5,710
  Jul-11 4,500 640 260 100 5,480   5,700
  Aug-11 4,230 680 210 90 5,210   5,170
  Sep-11 4,550 720 220 110 5,600   5,600
  Oct-11 4,440 650 230 100 5,420   5,570
  Nov-11 5,510 720 300 120 6,650   5,920
  Dec-11 4,910 660 230 120 5,930   5,980
  Jan-12 4,880 590 220 120 5,810   6,040
  Feb-12 4,570 600 210 130 5,510   5,840
  Mar-12 4,390 760 220 100 5,480   4,970
  Apr-12 5,380 620 290 130 6,420   6,490
  May-12 4,310 790 200 130 5,430   5,630
  Jun-12 4,540 620 220 130 5,510   5,640
  Jul-12 4,610 650 210 120 5,580   5,400
  Aug-12 5,010 680 240 120 6,050   6,130
  Sep-12 4,470 620 230 130 5,460   6,060
  Oct-12 5,700 700 310 150 6,870   6,230
  Nov-12 6,120 750 350 140 7,350   6,670
  Dec-12 4,660 640 200 110 5,610   5,740
  Jan-13 5,180 550 240 140 6,110   6,440
  Feb-13 4,900 590 230 150 5,860   6,510
  Mar-13 7,060 820 330 170 8,370   7,340
  Apr-13 6,000 690 320 200 7,200   7,220
  May-13 5,620 750 290 190 6,840   7,040
  Jun-13 5,010 630 260 140 6,050   6,520
  Jul-13 6,500 720 330 180 7,730   7,290
  Aug-13 5,650 700 280 150 6,780   7,430
  Sep-13 6,210 700 320 160 7,390   7,520
  Oct-13 6,430 730 350 160 7,670   7,210
  Nov-13 6,570 850 300 190 7,910   7,570
  Dec-13 6,950 790 340 190 8,260   7,680
  Jan-14 5,610 690 260 190 6,750   7,060
  Feb-14 5,350 700 270 130 6,460   7,160
  Mar-14 7,560 810 400 210 8,980   8,340
  Apr-14 6,690 730 350 220 8,000   7,770
  May-14 5,730 760 300 190 6,990   7,810
  Jun-14 7,050 800 350 210 8,410   8,300
  Jul-14 6,960 840 350 170 8,310   8,140
  Aug-14 6,070 740 310 180 7,300   7,960
  Sep-14 5,820 860 310 140 7,120   6,970
  Oct-14 7,120 920 370 230 8,640   8,000
  Nov-14 6,080 810 330 190 7,400   7,500
  Dec-14 7,360 830 360 230 8,780   7,930
  Jan-15 5,850 640 300 150 6,930   7,880
  Feb-15 5,530 680 300 200 6,700   7,420
  Mar-15 6,390 1,000 340 170 7,900   6,670
  Apr-15 5,970 550 350 210 7,080   7,170
  May-15 5,560 440 300 220 6,530   7,310
  Jun-15 6,930 480 370 250 8,040   7,590
  Jul-15 6,710 500 350 220 7,780   7,560
  Aug-15 6,190 520 340 170 7,220   7,970
  Sep-15 6,980 510 330 230 8,050   7,930
  Oct-15 6,770 500 360 190 7,820   7,820
  Nov-15 5,800 540 280 170 6,790   6,300
  Dec-15 6,860 650 350 260 8,110   7,600
  Jan-16 5,380 410 240 160 6,200   7,060
  Feb-16 6,410 420 290 200 7,310   7,690
  Mar-16 7,430 660 410 230 8,740   7,230
  Apr-16 6,490 490 350 240 7,570   8,110
  May-16 6,510 460 340 270 7,580   7,890
  Jun-16 7,270 500 390 230 8,400   8,350
  Jul-16 6,390 430 350 180 7,350   7,690
  Aug-16 6,990 440 450 240 8,130   7,890
  Sep-16 6,770 450 380 190 7,790   7,820
  Oct-16 7,040 430 350 260 8,080   8,170
  Nov-16 7,560 550 390 300 8,800   7,930
  Dec-16 6,910 610 350 230 8,110   8,130
  Jan-17 6,760 400 300 210 7,680   8,130
  Feb-17 6,600 440 340 220 7,590   8,460
  Mar-17 8,420 670 440 240 9,770   8,310

R Revised to reflect substantial amendments to tax returns data at the UK level, or changes in our seasonal adjustment methodology.
P Provisional.
1 Property transactions are allocated to the month in which the transaction was completed.
2 Not all completed transactions in the month prior to processing or the month before that will have been processed when figures for the latest month are compiled. Estimates are therefore made for the missing transactions in both the latest month and the previous month.
Month on month changes for the most recent data should not be given too much weight.
3 From April 2015 Stamp Duty Land Tax was replaced by Land and Buildings Transaction Tax in Scotland and HMRC stopped collecting data on Scotland’s transactions. HMRC are using LBTT data from Revenue Scotland to continue the series. However, there might be some discontinuities for the Scottish component of the series after April 2015. We will provide more information in future publications. Over the longer term we will review whether the series combining data in this manner meets users’ requirements
* See Reference Notes on Sheet 7

Section 2: Reference

Background, Methodology, Explanations and Contacts

Property Transaction Taxes Background

Stamp Duty Land Tax (SDLT) is payable on the purchase or transfer of most property or land in England, Wales, and Northern Ireland. Land and Buildings Transaction Tax (LBTT) is the equivalent tax payable in Scotland. Both the SDLT and LBTT due on a transaction is calculated from the amount paid for the property with higher rates applied to higher value transactions though with different rates and thresholds.

Some transactions will qualify for a relief or exemption.

Different rates and thresholds will also apply depending on whether the property is being used for residential or non-residential purposes, and whether the property is sold as a freehold or leasehold.

Most UK land and property transactions will be notified to HM Revenue & Customs (HMRC) directly on a Stamp Duty Land Tax return - even if no tax is due. Transactions with value less than £40,000 do not need to be notified. Transactions in Scotland need to be notified to the Scottish Administration.

SDLT replaced Stamp Duty on Land and Property on 1 December 2003. LBTT replaced SDLT in Scotland on 1 April 2015.

More information about SDLT, LBTT, the rates and thresholds, the reliefs available, and the definitions of residential and non-residential can be found on the HMRC website (follow the hyperlinks in section 7.5).

Introduction to Statistics: Methodology & Explanation

This publication presents monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries.

Data Sources:

The tables in this publication are based on two sources. HMRC’s Stamp Duty Land Tax database and the Scottish Administration’s LBTT database. Not all property transactions are captured in these databases. As well as transactions where the chargeable consideration is less than £40,000, other instances where no notification is required include transfers in connection with divorce and some grants of leases of less than 7 years.

Rounding:

All figures in the tables are estimates that are rounded to the nearest ten to indicate the level of uncertainty (see Country Breakdowns for more information).

Revisions and Timing of Publication:

Transactions are recorded in the database by the date of completion and are presented on that basis in this publication. However, purchasers have 30 days from the date of completion to submit their land transaction return before incurring a penalty. To produce the monthly property transaction figures in time for publication each month, a ‘snapshot’ of the relevant database is taken in the second week of the month. The date of this snapshot is maintained in order to provide consistency and is selected to provide users with the best balance between accurate and timely estimates.

The first publication of the latest estimates is timed to complement housing market data from other sources, which are released within a similar timeframe. Section 7.5 contains links to some related statistics.

Therefore at the time of first release, estimates for the most recent month are based on incomplete data and need to be adjusted upward to compensate. This adjustment is based upon the difference between initial and final estimates in previous months.
A similar but smaller adjustment is also made to the penultimate month.
From May 2016, the adjustment factor for Scottish transactions in the most recent month has been separately calculated using data from the LBTT database.

For this reason, all figures in the tables on pages 2, 3, 5 and 6 for the most recent three months are routinely marked as provisional and are subject to significant revision in subsequent publications.

The table on page 8 shows the average absolute percentage revision between initial and final property transaction estimates. These are the average amounts that provisional figures can be expected to change before they become final, which gives an indication of the size (but not direction) of the uncertainty in the latest estimates.

Estimates for earlier time periods may also change slightly between publications as late returns are received and corrections are made to the SDLT and LBTT databases. Additionally, in November 2016 there were minor revisions made to previously published transaction figures as a result of our review into our seasonal adjustment model.

Country Breakdowns:

The split of property transactions between England, Wales and Northern Ireland is based upon the location of the property. There are a small minority of cases where this information is not recorded and these transactions are allocated to a country on a pro-rata basis to maintain the recorded proportions. The data for Scotland is provided separately by the Scottish Administration.

Seasonal Adjustment:

The number of property transactions in the UK is highly seasonal, with more activity in the summer months and less in the winter. This regular annual pattern can sometimes mask the underlying movements and trends in the data series so the publication also presents the UK aggregate transaction figures on a seasonally adjusted basis. The country breakdowns are also seasonal but are not currently seasonally adjusted.

The seasonally adjusted series are estimated using the X13 ARIMA software, as is standard across National Statistics. Adjustments are made for both the time of year and the construction of the calendar, including corrections for the position of Easter and the number of trading days in a particular month.

Statistical Quality

HMRC’s statement on statistical quality is published in “HMRC: Official Statistics” on the HMRC website (hyperlinked in section 7.5).

These statistics are based on an administrative data source collected by HMRC in the running of its business (collecting tax). Any apparent discrepancy between totals and the sum of the constituents in the bulletin is due to rounding.

The quality of these statistics depends on the purpose that they are intended to be used for. The definitions used within this publication are defined by tax law, and whether or not a property transaction is counted within the estimates is dependent on the submission of a Land Transaction Return. Transactions where no return is required, or is required but not submitted, will not be counted in the estimates. The statistics will therefore provide a good indication of the trend in the numbers of residential and non-residential property transactions but may not accurately reflect the total number of properties bought, sold or transferred.

HMRC publish more detailed breakdowns of the number and value of property transactions on an annual basis. These National Statistics can be found alongside the Monthly Property Transactions publication on the HMRC website (see hyperlink section).

HMRC publish annual tables of Stamp Duty Land Tax collected, which is taken from the same data source as the transactions data. This is broken down into small geographical units including by Local Authority and by parliamentary constituency (a link can be found in section 7.5).

There are many other National and Official Statistics publications relevant to the UK housing market. The Valuation Office Agency (VOA) publishes statistics on council tax and on the private rental market. The Office for National Statistics (ONS) and HM Land Registry both produce statistics on UK House Prices. The Dept. for Communities and Local Government (DCLG) released a variety of publications on housing and associated topics (links to the relevant website can be found in the hyperlink section). Revenue Scotland publish figures on transactions liable for LBTT. These figures have a different basis and so should not be considered entirely comparable with the estimates produced here.

Introduction to SDLT:
https://www.gov.uk/stamp-duty-land-tax-the-basics#1

Current SDLT Rates and Thresholds:
https://www.gov.uk/government/publications/rates-and-allowances-stamp-duty-land-tax

Introduction to LBTT:
https://www.revenue.scot/land-buildings-transaction-tax

Historic SDLT Rates and Thresholds:
http://webarchive.nationalarchives.gov.uk/*/http://www.hmrc.gov.uk/statistics/stamp-duty/table-a9.xls

Land Transaction Return Guidance Notes:
https://www.gov.uk/government/publications/sdlt-guide-for-completing-paper-sdlt1-return

Statement of Administrative Sources general note:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/278306/cop-admin-sources_1_.pdf

X13ARIMA homepage:
http://www.census.gov/srd/www/x13as/

HMRC: Official Statistics
https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics

HMRC Annual Report and Resource Accounts
https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2013-to-2014

Archived versions of the Monthly Property Transactions:
http://webarchive.nationalarchives.gov.uk/*/http:/hmrc.gov.uk/thelibrary/national-statistics.htm

Historic Property Transactions, Monthly, Quarterly and Annual, 1959 to 2005 (Table 5.5)
http://www.ons.gov.uk/ons/rel/elmr/economic-trends--discontinued-/2006-edition/index.html

Annual Property Transactions Publication (discontinued):
https://www.gov.uk/government/collections/property-transactions-in-the-uk

Stamp Duties collected (T15.1 to T15.5):
https://www.gov.uk/government/collections/stamp-duties-statistics

Measuring Tax Gaps:
https://www.gov.uk/government/publications/measuring-tax-gaps-tables

Tax expenditures and ready reckoners:
https://www.gov.uk/government/collections/tax-expenditures-and-ready-reckoners

ONS House Price Index:
http://www.ons.gov.uk/economy/inflationandpriceindices/publications

Valuation Office Agency statistics:
https://www.gov.uk/government/statistics?departments%5B%5D=valuation-office-agency

HM Land Registry statistics:
https://www.gov.uk/government/publications/about-the-house-price-index

Dept. for Communities and Local Government statistics:
https://www.gov.uk/government/organisations/department-for-communities-and-local-government/series/housing-market
Revenue Scotland Statistics:
https://www.revenue.scot/about-us/publications/statistics

Office for National Statistics (ONS):
http://www.ons.gov.uk/ons/index.html

Office for Budget Responsibility (OBR):
http://budgetresponsibility.independent.gov.uk/

UK Statistics Authority:
http://www.statisticsauthority.gov.uk/

Changes and Revisions

Changes to Duty Rates and Statement of Revisions



Reference Notes (for both Rates of Stamp Duty tables above)

1 Northern Ireland 1 August 1974.

2 From the 1st December 2003 separate starting rates were applied to residential and commercial transactions:
i residential property transactions, consist mainly of home purchases but also include other transactions which cannot be regarded as purchases for owner occupation e.g. the separate purchase of a private garage or the purchase of the freehold by the leaseholder;

ii commercial property covers all land and commercial and industrial property e.g. shops, commercial garages, hotels, public houses etc.

3 Higher rate for corporate bodies - From 20 March 2014 SDLT is charged at 15 per cent on interests in residential dwellings costing more than £500,000 purchased by certain non-natural persons (NNP). Previously (From 21 March 2012) the threshold had been £2 million. This broadly includes bodies corporate, for example companies, collective investment schemes and all partnerships with one or more members who are either a body corporate or a collective investment scheme. There are exclusions for companies acting in their capacity as trustees for a settlement and property developers who meet certain conditions.
4From 4 December 2014, SDLT for residential property is charged at different rates depending on the portion of the purchase price that falls within each rate band.

5 SDLT is no longer payable in Scotland and has been replaced with Land and Buildings Transaction Tax
6 From 17 March 2016, SDLT for non-residential property is charged at different rates depending on the portion of the purchase price that falls within each rate band.
7 From 1 April 2016, those purchasing additional residential properties are liable to pay an additional 3% on top of the current residential SDLT marginal rates.

Average Revisions

This table shows the monthly average percentage revision (over the 36 months of data covering 2012-13 to 2014-15) between initial and non-provisional property transaction estimates, broken down into non-seasonally adjusted residential and non-residential categories. These are the average amounts that provisional figures can be expected to change before they become final, which gives an indication of the size (but not direction) of the uncertainty in the latest estimates. Note that there is greater uncertainty in the non-residential estimates as there tends to be a greater lag between completion of a transaction and receipt of the Land Transaction Return.

For information on the methodology used and the causes of revisions see section 7.2 on page 7.

Other Information

Contact point for statistical enquiries

Mark Dickson
KAI Indirect Taxes, Customs & Coordination
HM Revenue & Customs
Room 3E/10
100 Parliament Street
London
SW1A 2BQ
Tel: 03000 515 305
Email: revenuemonitoring@hmrc.gsi.gov.uk

For more general enquiries please refer to the HMRC website:
https://www.gov.uk/government/organisations/hm-revenue-customs
or contact the Stamp Taxes Helpline on 0300 200 3510.
https://www.gov.uk/government/organisations/hm-revenue-customs/contact/stamp-duty-land-tax

Publication Calendar

Publications will be released on the 21st of each month, but are delayed by one day whenever the 21st or the day preceding the 21st is a non-working day (e.g. publications are never published on a Monday, Saturday or Sunday).
This release, for April 2017, was published on 23 May 2017 at 9:30am. The next release, for May 2017, will be published on 21 June 2017 at 9:30am.

Historic releases of property publications can be found on the National Archives website:
http://webarchive.nationalarchives.gov.uk/*/http://www.hmrc.gov.uk/stats/survey_of_prop/menu.htm

The full publication calendar can be found on the ‘scheduled updates’ page of the HMRC website:
https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics

And is also published on the Publication Hub for UK National Statistics:
https://www.gov.uk/government/statistics/announcements

Revisions Policy for the UK Property Transactions Count publication

Any months with revisions are marked with an ‘R’ where appropriate and significant revisions will be explained in the notes sections on pages 2 and 3.

All statistics are provisional for the first three months of publication and revisions are marked when the previous months figure and finalised figure (at the third month of publication) are changed.

For further information on revisions policy see section 7.2 ‘Introduction to Statistics: Methodology & Explanation’.

Reference: National Statistics Publications for Indirect Taxes

Meeting user needs

We are committed to improving the official statistics we publish. We want to encourage and promote user engagement, so that we can continually improve our statistical outputs.

We would welcome any views you have using the feedback questions below.
https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics#contact-us

We will undertake to review user comments on a quarterly basis and use this information to influence the development of our official statistics. We will summarise and publish user comments at regular intervals. As part of our user engagement, we held a consultation from 20 November 2015 to 5 February 2016. The results of this consultation have been published:
https://www.gov.uk/government/publications/user-consultation-hmrc-indirect-tax-receipts-statistics

If you have specific questions on the statistics in this publication please contact the team directly.

For further information and questions about tax rules please refer to the HMRC website.

Users

UK Property Transaction Statistics are used by government and policy makers, analysts, academics, media, businesses, public bodies and the public.

User feedback has helped shape the development and content of this publication and will continue to influence future enhancements.

Uses

These statistics are produced primarily to enable monitoring of trends in the UK residential and non-residential housing markets. Within HM Revenue and Customs and HM Treasury, they are primarily used by policy makers in the development of housing and tax policy, monitoring of tax receipts, ministerial briefing and responding to queries from the public. For example, the statistics in this publication were recently used to highlight the impact on the property market of policies such as the first time buyer relief, especially in relation to forestalling before the relief came to an end.

Outside of HMRC and HMT, past user engagement has highlighted a variety of examples for how these statistics are used:
• By market analysts and media to examine and report on the latest movements in the UK property market and the wider economy;
• Other government departments and policy makers in understanding the impact of past policy changes and to inform decisions on future policy;
• By academics and analysts to look at longer term trends in the UK property market;
• The statistics are widely used in monitoring the impact of the current economic climate on the UK property market; • Businesses tend to use the statistics to understand the property market or plan business strategies; • The country breakdowns help inform research on market movements at national levels (this is particularly relevant considering the devolution of the tax to Scotland and the current plans to devolve the tax to the Welsh Government);

They are best used in conjunction with other monthly housing market indicators, some of which can be found in the ‘Related Statistics’ section on page 7.

Code of Practice for Official Statistics

HMRC complies with the Code of Practice and supporting Principles:
https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics
https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics#cross-cutting-statistics

Pre-Release Access

Policy: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/275579/statement.pdf
Access List: https://www.gov.uk/government/statistics/hmrc-statistics-pre-release-access-list

A National Statistics Publication

National Statistics are produced to high professional standards set out in the Code of Practice for Official Statistics. They undergo regular quality assurance reviews to ensure that they meet customer needs. They are produced free from any political interference.

The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics.

Designation can be broadly interpreted to mean that the statistics:
• meet identified user needs;
• are well explained and readily accessible;
• are produced according to sound methods, and
• are managed impartially and objectively in the public interest.
Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.

For general enquiries about National Statistics, contact the Customer Contact Centre on
Tel: 0845 601 3034
overseas: +44 (0)1633 817521
minicom: +44 (0)1633 815044
E-mail: info@ons.gsi.gov.uk
Fax: 01633 652747
By post: Customer Contact Centre, Office for National Statistics, Room D265, Government Buildings, Cardiff Road, Newport, NP10 8XG

You can also find National Statistics on the internet:
https://www.gov.uk/government/statistics/announcements