Stamp Duty

Treasury written question – answered on 12th February 2004.

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Photo of Nigel Evans Nigel Evans Conservative, Ribble Valley

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]

Photo of Ruth Kelly Ruth Kelly Financial Secretary, HM Treasury

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.

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