Stamp Duty

Treasury written question – answered on 15th March 2005.

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Photo of Ms Annabelle Ewing Ms Annabelle Ewing Spokesperson (Social Security (SNP Shadow Scottish Minister); Education & Skills; Home Office; Law Officers; Work & Pensions)

To ask the Chancellor of the Exchequer if he will estimate the revenue raised (a) in total and (b) within each stamp duty band in (i) Scotland and (ii) the UK.

Photo of Stephen Timms Stephen Timms The Financial Secretary to the Treasury

Estimates of stamp duty revenues raised in the UK in each stamp duty band are given at:

http://www.inlandrevenne.gov.uk/stats/stamp_duty/ table15_3_october04.pdf

Estimates of revenue raised from transactions in Scotland are only available for 2003–04 and are given in the following table:

Estimated revenue from stamp duty land tax in Scotland in 2003–04
Stamp duty band (£ million)
£250,000 or less 100
£250,001–£500,000 50
Over £500,000 250
Total 410

Source:

Land Valuation Unit of the University of Paisley (which receives data from Registers of Scotland Executive Agency)

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