Stamp Duty Land Tax

Treasury written question – answered on 25th February 2009.

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Photo of Paul Burstow Paul Burstow Shadow Chief Whip (Commons)

To ask the Chancellor of the Exchequer what estimate he has made of the revenue to accrue from stamp duty land tax in 2009-10; on what assumptions this estimate is based; and what estimate he has made of the revenue which would be forgone in offering a stamp duty land tax holiday to first time housebuyers in the next 12 months.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary (Economic and Business), Department for Business, Enterprise & Regulatory Reform, Economic Secretary (Economic and Business), HM Treasury

The latest published forecast revenue from stamp duties for 2009-10 was given in table B12 of the PBR 2008. The published figure includes stamp duty land tax, stamp duty reserve tax and stamp duty, and was based on the PBR economic forecast and assumptions.

An estimate of the cost of the current SDLT holiday, covering residential transactions completed between 3 September 2008 and 2 September 2009 with a selling price between £125,000 and £175,000, was also published in the PBR.

No estimate has been made of the cost of the stamp duty holiday described.

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