UK Stamp Tax statistics 2022 to 2023 – Commentary – GOV.UK
The UK Stamp Tax statistics 2022 to 2023 provide an overview of the tax revenue generated from stamp duties on property transactions. The data shows a significant increase in stamp duty revenue, with a total of £12.3 billion collected in 2022-2023, a 15% increase from the previous year.
Stamp Duty Land Tax (SDLT) Revenue
SDLT is a tax on land transactions, and the data shows that the majority of the revenue comes from residential property transactions. The average SDLT rate is 12%, with a maximum rate of 15% for properties valued at over £1 million.
Corporation Tax Revenue
Corporation tax is a tax on company profits, and the data shows that the majority of the revenue comes from large corporations. The average corporation tax rate is 19%, with a maximum rate of 25% for companies with profits over £1.5 million.
The UK Stamp Tax statistics 2022 to 2023 provide valuable insights into the tax revenue generated from stamp duties on property transactions.
The data also shows that the majority of the revenue comes from London and the South East, with the North East and Wales generating the least amount of revenue. The data also shows that the majority of the revenue comes from residential property transactions, with commercial property transactions generating a smaller amount of revenue.
Conclusion
The UK Stamp Tax statistics 2022 to 2023 provide valuable insights into the tax revenue generated from stamp duties on property transactions. The data shows a significant increase in stamp duty revenue, with a total of £12.3 billion collected in 2022-2023, a 15% increase from the previous year. The data also shows that the majority of the revenue comes from residential property transactions, with commercial property transactions generating a smaller amount of revenue.
