Stamp Duty Land Tax

Treasury written question – answered on 16th July 2013.

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Photo of Jonathan Lord Jonathan Lord Conservative, Woking

To ask the Chancellor of the Exchequer what changes were made to the levels of stamp duty from (a) 1997 to 2010 and (b) 2010 to date.

Photo of David Gauke David Gauke The Exchequer Secretary

A table of rates and thresholds of stamp duty on property transactions (to 30 November 2003) and stamp duty land tax (from 1 December 2003) is published in H M Revenue and Customs' monthly property transaction statistics: see table 8 at:

www.hmrc.gov.uk/statistics/transactions/val-40000-or-above.xls

Rates of ad valorem stamp duty on transfers of stock and marketable securities during the period in question are as follows:

27 October 1986 to 30 September 1999: 50p per £100 or part of £100

1 October 1999 to date: 0.5% rounded up to the next multiple of £5.

The fixed £5 stamp duty which applied to certain transactions, and ad valorem duty on transactions where the consideration is less than £1,000, were abolished from 13 March 2008.

Stamp Duty Reserve Tax (SDRT) on agreements to transfer chargeable securities is charged at the same rate (0.5%) as stamp duty. This rate has been unchanged since 1986.

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