In March 2025, UK homebuyers paid an unprecedented £1.4 billion in stamp duty, marking a significant 34% increase from February and a staggering 63% rise compared to March 2024. This surge was prompted by buyers striving to complete transactions before the April 1 deadline when tax thresholds were set to revert to pre-2022 levels. Experts, including Rightmove's Tim Bannister, highlighted how the changes have disproportionately affected first-time buyers, particularly in high-cost regions like London, where fewer properties would qualify for stamp duty relief.
In March 2025, UK homebuyers paid £1.4 billion in stamp duty, a 34% increase from February, as they rushed to beat impending tax hikes.
The spike in transactions was due to the upcoming April 1st deadline, when tax thresholds reverted to pre-2022 levels, significantly increasing costs for buyers.
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