Revision of Monthly LBTT Statistics from Fri, 04/12/2024 - 09:29

Monthly LBTT Statistics: December 2024

Land and Buildings Transaction Tax (LBTT) statistics up to and including December 2024.

A total of £64.5m LBTT was declared by taxpayers in March 2024. This is 17% higher than February 2024 and the third-highest figure for the month of March on record.
LBTT, excluding ADS, declared in March 2024 was £46.7. This is £5.8m higher than in February 2024 and £1.6m lower than March 2023.
In comparison to February 2024, residential LBTT declared, excluding ADS, increased by £6.8m. Non-residential revenue, excluding ADS, dropped by £1m to £16.8m in the same period.
A total of 8,960 notifiable land and building transactions were reported in March 2024, which is 1,880 more than last month, and 70 fewer than March 2023.
7,410 residential LBTT returns were submitted in March 2024, which is 100 fewer than in March 2023. Residential LBTT, excluding ADS, was the third-highest ever for the month of March at £29.9m.