To ask the Chancellor of the Exchequer how much money he estimates would be lost in revenue if (a) the 1 per cent. level of stamp duty for properties between £60,001 and £250,000 and (b) the 3 per cent. level of stamp duty for properties between £250,001 and £500,000 was removed. [R]
The estimated yield from the various stamp duty consideration bands for 2002–03, the latest year for published data, is given on the Inland Revenue website at http://www.inlandrevenue.gov.uk/stats/stamp duty/03IR153.pdf.