House of Lords written question – answered at on 29 August 2013.
The Earl of Courtown
Conservative
To ask Her Majesty’s Government how many residential properties have been sold since May
2010; how many residential properties were sold between 2007 and 2010; and what amount of stamp duty revenue from property sales was generated during those periods.
Lord Deighton
The Commercial Secretary to the Treasury
HM Revenue and Customs (HMRC) collect data on the number of residential property transaction completions with a value of £40,000 or above.
In the 34 months between June 2010 and March 2013 inclusive, there were a total of 2.6 million such transactions recorded. The total Stamp Duty Land Tax (SDLT) revenue collected from residential property transactions in this period was £12.6 billion.
In the 34 months between August 2007 and May 2010 inclusive, there were 2.7 million residential transactions and the total residential SDLT revenue collected was £11.0 billion.
A full monthly time series of UK residential transaction numbers is published on HMRC’s website (Table 5)1.
The table below shows SDLT yield for each financial year split by residential and non-residential property transactions.
| SDLT Revenue £m | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13* | |
| UK total | 7,455 | 9,635 | 9,955 | 4,795 | 4,885 | 5,960 | 6,125 | 6,910 |
| Residential | 4,585 | 6,375 | 6,680 | 2,950 | 3,290 | 4,040 | 4,220 | 4,900 |
| Non-residential | 2,870 | 3,260 | 3,280 | 1,845 | 1,595 | 1,920 | 1,910 | 2,010 |
*provisional
1
http://www.hmrc.gov.uk/statistics/transactions/val-40000-or-above.pdf
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