Commentary

 A total of £77.7m LBTT was declared by taxpayers in May 2024. This is slightly (1%) higher than April 2024 and the highest ever figure for the month of May.

Residential LBTT, excluding ADS, was £38.1m in May 2024. This is another record high for May and is £4.2m higher than May 2023. 

Non-Residential LBTT, excluding ADS, was £18.1m in May 2024, down slightly from £22.9m in April 2024. 

A total of 10,360 notifiable land and building transactions were reported in May 2024, which is 490 higher than in April 2024.

8,610 residential LBTT returns were submitted in May 2024, which is 7% more than in May 2023.