# Stamp Duty receipts remain robust, but storm clouds gather
Published: 2022-11-03
Category: Investment
Category URL: https://luxuryadviser.com/category/investment/
Meta Title: Q3 2022 Residential Property Transactions & Stamp Duty Rise
Meta Description: Discover the Q3 property trends in 2022: Residential transactions up 11% from Q2 & Stamp Duty receipts soaring. What's the cause? Read now.
URL: https://luxuryadviser.com/stamp-duty-receipts-remain-robust-but-storm-clouds-gather/

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- Residential property transactions in Q3 2022 were 11% higher than in Q2 2022, and 9% lower than in Q3 2021.
- The number of residential transactions liable for Stamp Duty increased by 24% compared to Q3 2021.
- Residential property receipts in Q3 2022 were 21% higher than Q2 2022, and 46% higher than Q3 2021.
- The ending of the Stamp Duty holiday in October 2021 is a key factor behind the surge in receipts.
- May take a few months for Stamp Duty receipts to reflect the gathering gloom in the property market.

HMRC has published the latest Stamp Duty statistics [Quarterly Stamp Duty Land Tax statistics commentary – GOV.UK (www.gov.uk)](https://74n5c4m7.r.eu-west-1.awstrack.me/L0/https:%2F%2Fwww.gov.uk%2Fgovernment%2Fstatistics%2Fquarterly-stamp-duty-land-tax-sdlt-statistics%2Fquarterly-stamp-duty-land-tax-statistics-commentary/1/0102018432d2eb0e-a9a05143-04fb-47f4-9f9d-c2457a14c81f-000000/q2PAD6uzfSoj3AH5adfKlPlzVpw=294)

**Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown:**

“Today’s Stamp Duty data looks robust with receipts on the rise and transactions remaining strong, even after the frenetic activity caused by the Stamp Duty holiday which came to an end a year ago.  However, storm clouds are gathering over the UK property market and it may take a few months for the gloom to filter into these figures.

Rising interest rates, climbing bills and growing property prices have put a dampener on people’s desire to move as they brace themselves for a tough winter as the cost-of-living crisis continues to bite. Added to this, the fall out of the mini budget has brought further misery with mortgage rates rocketing and lenders pulling deals off the market – moves which have undermined many would-be buyers’ confidence.

Even government moves to cut Stamp Duty again – usually a hugely popular move – might not be enough to coax people back into a market that has seen real chaos in recent weeks. The hope is that the market goes into slowdown rather than a full-on crash.”


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