To ask the Chancellor of the Exchequer
(1) what the revenue was from residential stamp duty from the (a) 3 per cent. and (b) 4 per cent. band in each year since its creation; and if he will estimate the revenue for 2006–07;
(2) how many occupiers of domestic properties paid residential stamp duty on sale at the (a) 3 per cent. and (b) 4 per cent. rate in each year since its creation; and if he will estimate the number of occupiers paying in 2006–07.
Purchases of property worth more than £250,000 and up to £500,000 have borne stamp duty at 3 per cent., and those in excess of £500,000 4 per cent., since 2000–01. Estimated revenues from residential transactions fallingin those bands are available at http://www.hmrc.gov.uk/stats/stamp_duty/table15_3_october04.xls.
Estimated revenues from stamp duty on residential transactions in 2005–06 will be published in September.
Estimated numbers of transactions subject to these rates are given in the following table:
|Consideration||£250,001 to £500,000||Above £500,000|
|Rate of stamp duty||3 per cent.||4 per cent.|
Forecasts of stamp duty revenues and numbers of residential transactions in those bands are not available.