Stamp duty revenue across England , Wales and Northern Ireland has collapsed amid a slump in transaction volumes , according to analysis by investment consultancy London Central Portfolio . In Q1 transactions , stamp duty revenues fell by 26.2 % across the three sectors , dropping £ 623 m ( $ 812 m ) to £ ##38 . Transactions fell 21.4 % QoQ , to 237,240 . Additional stamp duty from buy - to - sell properties and second homes fell by 24.6 % , as transactions were 14.7 % lower , while relief payments for first - time buyers fell by 23 % . The drops were attributed in part to the time of year , but also to the impact of Brexit on the housing market .
Stamp duty revenue across England, Wales and Northern Ireland has collapsed amid a slump in transaction volumes, according to analysis by investment consultancy London Central Portfolio. In Q1 2019, stamp duty receipts fell by 26.2% across the three regions, dropping £623m ($812m) to £1.7bn. Transactions fell 21.4% QoQ, to 237,240. Additional stamp duty from buy-to-let properties and second homes fell by 24.6%, as transactions were 14.7% lower, while relief transactions for first-time buyers fell by 23%. The drops were attributed in part to the time of year, but also to the impact of Brexit on the housing market.