Stamp Duty Land Tax

Treasury written question – answered on 29th March 2010.

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Photo of Grant Shapps Grant Shapps Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party

To ask the Chancellor of the Exchequer

(1) on how many land and property transactions stamp duty land tax was paid in each year since 1997;

(2) what the average amount paid in stamp duty land tax was in each year since 1997.

Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury

Estimates of the number of residential and non-residential transactions chargeable to stamp duty on land and property are given for England, Wales and Northern Ireland for 1997-98 to 2001-02. An estimate is not available for Scotland for these years.

For the years 2002-03 to 2004-05, estimates of the number of transactions chargeable to stamp duty land tax are given for the UK and estimated based on published figures for Scotland.

For 2005-06 to 2008-09 UK figures for number of transactions chargeable to stamp duty land tax, available at:

http://www.hmrc.gov.uk/stats/survey_of_prop/table16-5.pdf are given in the table. For these years chargeability is defined as the transaction priced over the tax threshold, unless tax reliefs reduce the tax liability to zero, whereas for previous years chargeability was defined entirely on price.

For the years from 2002-03 to 2008-09 the average amount of stamp duty land tax paid on chargeable transactions is given for each year, calculated by dividing UK receipts by the number of chargeable transactions in the table.

Estimates for the years from 1997-98 to 2004-05 are derivable from tables 15.1, 16.1A and 16.5 of past paper editions of the publication Inland Revenue Statistics. Estimate for the years from 2005-06 are derivable from figures available at:

http://www.hmrc.gov.uk/stats/stamp_duty/table15-1.pdf and

http://www.hmrc.gov.uk/stats/survey_of_prop/table16-5.pdf

Country Number of chargeable transactions Average amount of stamp duty land tax per chargeable transaction
1997-98 England, Wales and NI (1)720 (3)n/a
1998-99 England, Wales and NI (1)730 (3)n/a
1999-2000 England, Wales and NI (1)910 (3)n/a
2000-01 England, Wales and NI (1)880 (3)n/a
2001-02 England, Wales and NI (1)1,050 (3)n/a
2002-03 UK (1)1,280 5,900
2003-04 UK (1)1,190 6,400
2004-05 UK (1)1,310 6,800
2005-06 UK (2)950 11,500
2006-07 UK (2)1,160 11,500
2007-08 UK (2)1,100 12,900
2008-09 UK (2)480 16,700
(1) Based on number of transactions priced above lowest stamp duty land tax threshold.

(2) Based on number of transactions priced above lowest stamp duty land tax threshold where tax reliefs do not extinguish chargeability.

(3) No figures for stamp duty on property receipts available for England, Wales and Northern Ireland for these years.

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