Stamp Duty

National Finance written question – answered on 29th October 1981.

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Mr. Adley asked the Chancellor of the Exchequer what percentage of domestic property transactions were eligible for payment of stamp duty by individual purchasers in 1980; and what was the relevant percentage in 1950, 1960 and 1970.

Mr. Ridley [pursuant to his reply 28 October 1981]: All such transactions were liable to stamp duty until 1958. After that date, no information is available on the percentage of all purchases of residential property by individuals that were liable. However, the following estimates for England and Wales are available. They relate to the number of properties sold taking (a) all residential property—irrespective of the status of the purchaser—and (b) all purchases by individuals—irrespective of the type of property. Corresponding information for years between 1958 and 1973 is not available.

Percentage of sales of property liable to stamp duty
Sales of residential propertyPurchases of all types of property by individuals
October 197333Not available
October 197413Not available
November 197516Not available
November 197617Not available
November 197723Not available
November 19783737
November 19795858
November 19803534

Mr. McQuarrie asked the Chancellor of the Exchequer, pursuant to his reply to the hon. Member for Aberdeenshire East, of 23 October on the payment of value added tax by the Spastics Society, if he will consider granting relief to all charitable organisations which are engaged in working with the disabled.

Mr. Bruce—Gardyne [pursuant to his reply, 28 October 1981]: No. I could not justify relieving only this type of charity from paying VAT, whilst a general relief for all charities would be costly and very difficult to administer.