Unincorporated landlords declared £34.75bn in allowable expenses in 2024 to 2025, with finance costs accounting for the largest share, according to analysis of HMRC data.

Seasonally adjusted residential property transactions fell by 2% between June and July, although activity remains significantly higher across the financial year to date.

436,000 landlords and sole traders sent their first update, despite 864,000 being subject to MTD rules.

Residential property transactions fell 3% between March and April, according to HMRC, although activity remained significantly higher than a year earlier following the stamp duty...

HMRC compliance crackdowns in 2024/25 resulted in landlords paying £107 million in tax owed on undisclosed earnings, averaging over £13,500 each.

Despite reports of transactions moving forward to beat the Budget deadline, the market remained on pause.

Residential and non-residential property transactions in the UK displayed mixed patterns in August 2025, according to the latest provisional data from HMRC.

The latest property transactions data from HMRC shows an increase in residential transactions in July 2025 - up 5% on June 2025.

HMRC reports 573,000 transactions in the first half of 2025, up 17.1% on 2024.

HMRC has highlighted the growing risks facing buyers targeted by agents offering to reclaim SDLT on homes needing repairs.