Forecasts in-depth

In preparing and evaluating our forecasts, we consider an enormous amount of information across all aspects of the economy, tax system and public spending. In the pages listed below, we have taken the information available in our documents and elsewhere on our website – supplemented by external sources including the Office for National StatisticsHMRCDWP and the Institute for Fiscal Studies – and gathered it together for many parts of our forecast, topic by topic.

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Stamp duty and property tax

Property transaction taxes in the UK are paid by the purchaser when a property is bought. There are currently three such taxes in operation in the UK:

  • Stamp duty land tax (SDLT) – in operation in England and Northern Ireland. SDLT in its current form was introduced across the UK in 2003.
  • Land and buildings transaction tax (LBTT) – in operation in Scotland since April 2015.
  • Land transaction tax (LTT) – in operation in Wales since April 2018.