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HMRC figures show that the estimated SDLT receipts for the third quarter of 2017 were up 23% year-on-year to £2.6bn.

This represented 251,000 residential transactions, up 7% on the third quarter of 2016.

The number of residential transactions liable for Stamp Duty increased across all price bands.

Stamp Duty from purchases with a transaction value under £250,000 in the third quarter were up 2% year-on-year to 129,800, while those between £250,000 and £500,000 were 11% higher at 89,000.

The number of liable transactions over £500,000 also increased, with 26,700 up to £1m and 5,500 above £1m.

Of the total 251,000 sales liable to Stamp Duty, 65,300 were for additional properties, accounting for £1.09bn of the quarterly total.

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