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

	Not seasonally adjusted*					Seasonally adjusted*
Number of residential property transaction completions with value £40,000 or above^{1 2 3}
	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

	Not seasonally adjusted*					Seasonally adjusted*
Number of non-residential property transaction completions with value £40,000 or above^{1 2 3}
	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

Historic

Historic Trends: Commentary and Charts

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

	Not seasonally adjusted*					Seasonally adjusted*
Number of residential property transaction completions with value £40,000 or above^{1 2 3}
	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

Non-residential property transaction completions (Historic Table)

Annual, Quarterly and Monthly Tables

	Not seasonally adjusted*					Seasonally adjusted*
Number of non-residential property transaction completions with value £40,000 or above^{1 2 3}
	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

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.

Hyperlinks

Useful Links

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

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

UK Property Transaction Statistics

Section 1: Statistics

Guidance on the statistics

Current Financial Year

Commentary and Charts

Key messages

Residential transactions

Non-residential transactions

Residential property transaction completions (and Revisions)

Annual and Monthly Tables

Non-residential property transaction completions (and Revisions)

Annual and Monthly Tables

Historic

Historic Trends: Commentary and Charts

Residential transactions

Non-residential transactions

Residential and non-residential transactions for the UK constituent countries

Residential property transaction completions (Historic Table)

Annual, Quarterly and Monthly Tables

Non-residential property transaction completions (Historic Table)

Annual, Quarterly and Monthly Tables

Section 2: Reference

Background, Methodology, Explanations and Contacts

Property Transaction Taxes Background

Introduction to Statistics: Methodology & Explanation

Data Sources:

Rounding:

Revisions and Timing of Publication:

Country Breakdowns:

Seasonal Adjustment:

Statistical Quality

Related Statistics

Hyperlinks

Useful Links

Related Statistics

Other links

Changes and Revisions

Changes to Duty Rates and Statement of Revisions

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

Average Revisions

Other Information

Contact point for statistical enquiries

Publication Calendar

Revisions Policy for the UK Property Transactions Count publication

Reference: National Statistics Publications for Indirect Taxes

Meeting user needs

Users

Uses

Code of Practice for Official Statistics

Pre-Release Access

A National Statistics Publication

UK Property
Transaction
Statistics