Vincent Cable: To ask the Chancellor of the Exchequer if he will estimate the reduction in stamp duty yield from residential property which would result from raising the threshold at which stamp duty is applicable at 1 per cent. from £60,000 to £100,000.
Andrew Tyrie: ...spokesman for the Liberals has just created a black hole in a prospective Liberal Budget, not that there ever would be such a thing. He suggested that the money that the Government are raising on stamp duty should go back into stamp duty relief. Could he explain how he would fill that hole?
28. Stamp duty and stamp duty reserve tax (intermediaries)
29. SEs (stamp duty and stamp duty reserve tax)
Ivan Lewis: Estimates of the average (mean) stamp duty bill paid for a residential property purchase in England and the UK in each financial year since 1997–98 can be found in the following table: Average stamp duty bill for residential purchases -- £ England UK 1997–98 600 570 1998–99 820 780 1999–2000 1,220 1,170 2000–01 1,570 1,480 2001–02 1,880 1,770 ...
Ivan Lewis: No information is available at the local authority level for inheritance tax. It is not possible to give stamp duty on land and property at this level for either 1997–98 or 2001–02. Estimates of UK stamp duty land tax for 2004–05 will be published in September.
Derek Wyatt: To ask the Chancellor of the Exchequer when Knauf UK GmbH in Sittingbourne and Sheppey constituency will receive a certificate from the Inland Revenue Stamp Duty Land Tax Centre that its stamp duty has been paid.
Philip Hammond: To ask the Chancellor of the Exchequer how many stamp duty land tax returns were made in the year ended 31 March 2005 in respect of transactions the value of which was below the stamp duty land tax threshold.
Mike Hancock: To ask the Chancellor of the Exchequer what recent (a) representations he has received from and (b) meetings he has had with (i) the Law Society Stamp Duty Complaints Group and (ii)others concerning complaints about stamp duty; what initiatives he has implemented as a result; and if he will make a statement.
Ivan Lewis: The amount of revenue raised in 1996–97 by stamp duty on residential land and property transactions was £675 million. The amount of revenue raised in 2004–05 by stamp duty land tax on residential land and property transactions was £5.5 billion.
Ivan Lewis: The Inland Revenue (since April 2005, HMRC) has issued the following number of penalties on late-filed stamp duty and stamp duty land tax cases as follows: Number 2001–02 20,609 2002–03 14,916 2003–04 6,889 2004–05 82,302 2005–06 161,016
Edward Balls: The number of residential transactions in England and Wales in 2004, costing between £60,001 and £120,000, on which one per cent. stamp duty was paid, is estimated to be 300,000. An additional 90,000 transactions were exempt from stamp duty as they took place in designated disadvantaged areas.
John Battle: To ask the Chancellor of the Exchequer pursuant to the answer of 21 March 2006, Official Report, columns 353-54W, on sterling stamp duty, if he will publish the Government's study into the technical implications of the proposal for a sterling stamp duty.
Edward Balls: This information is not available for 1997-98. Estimates of amounts of stamp duty payable from residential property sales for each local authority in the United Kingdom has been deposited in the House of Commons Library. The local authority relates to the location of the property on which the stamp duty was paid.
Edward Balls: There were estimated to be 930,000 UK residential transactions in 2005-06 where the price was above the normal stamp duty threshold of £120,000. The number of transactions where stamp duty was payable will be lower due to the use of reliefs, e.g. disadvantaged area relief.
Eric Pickles: To ask the Chancellor of the Exchequer pursuant to the answer of 10 September 2007, Official Report, column 1980W, on stamp duties, what estimate his Department has made of the proportion of first time buyers who were exempt from stamp duty land tax in (a) 1996 and (b) 1997.
Chris Bryant: The hon. Gentleman clearly does not understand about stamp duty in the Rhondda, but very few people pay any stamp duty there.
Kitty Ussher: No estimate has been made of the stamp duty land tax paid by first time buyers. For all house purchasers, the estimated mean and median amount of stamp duty land tax paid in 2006-07 is as follows: £ Mean Median England 3,940 1,550 South East England 5,020 1,870 London 7,940 2,210
Eric Pickles: To ask the Chancellor of the Exchequer how many homes, according to HM Revenue and Customs stamp duty land tax return records, have claimed the zero rate of stamp duty on zero carbon homes.
Eric Pickles: To ask the Secretary of State for Communities and Local Government with reference to the answer of 19 March 2008, Official Report, column 1223W, on stamp duties: tax allowances, how many transactions claimed stamp duty tax relief for new zero carbon homes in March 2008.