Stamp Duty Land Tax

Treasury written question – answered on 5th September 2013.

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Photo of Nick de Bois Nick de Bois Conservative, Enfield North

To ask the Chancellor of the Exchequer how much was paid to the Exchequer at each prevailing rate of stamp duty from residential sales in each year since 1992; and what proportion of total Government revenue this figure represented in each such year.

Photo of David Gauke David Gauke The Exchequer Secretary

The revenue collected from stamp duty land tax(1) (SDLT) on residential property transactions is available for each financial year up to and including 2011-12. The breakdown of this revenue by stamp duty consideration band and as a proportion of total government revenue can be found in the following tables.

Estimates of SDLT yield from residential property for 2012-13 are due to be published on 27 September 2013.

(1 )SDLT replaced stamp duty on land transactions on 15 December 2003.

Stamp duty land tax—Yield attributable to residential land and property by stamp duty land tax consideration band and as a proportion of public sector total current receipts. 1992-93 to 2011-12
Amount (£ million)
  Stamp duty consideration band and duty rate  
  Above £30,000    
  1% All bands  
  No. % No. % Public sector total current receipts
1992-93 280 0.12 280 0.12 227,559
Amount (£ million)
  Stamp duty consideration band and duty rate  
  Above £60,000    
  1% All bands  
  No. % No. % Public sector total current receipts
1993-94 465 0.20 465 0.20 235,228
1994-95 520 0.20 520 0.20 255,901
1995-96 465 0.17 465 0.17 276,613
1996-97 675 0.23 675 0.23 288,730
Amount (£ million)
  Stamp duty consideration band and duty rate  
  £60,001-£250,000 £250,001-£500,000 Above £500,000    
  1% 1.5% 2% All bands  
  No. % No. % No. % No. % Public sector total current receipts
1997-98 595 0.19 130 0.04 105 0.03 830 0.26 317,093
Amount (£ million)
  Stamp duty consideration band and duty rate  
  £60,001-£250,000 £250,001-£500,000 Above £500,000    
  1% 2% 3% All bands  
  No. % No. % No. % No. % Public sector total current receipts
1998-99 650 0.9 215 0.06 195 0.06 1,065 0.32 336,444
Amount (£ million)
  Stamp duty consideration band and duty rate  
  £60,001-£250,000 £250,001-£500,000 Above £500,000    
  1% 2.5% 3.5% All bands  
  No. % No. % No. % No. % Public sector total current receipts
1999-2000 925 0.26 490 0.14 410 0.11 1,825 0.51 359,773
Amount (£ million)
  Stamp duty consideration band and duty rate  
  £60,001-£250,000 £250,001-£500,000 Above £500,000    
  1% 3% 4% All bands  
  No. % No. % No. % No. % Public sector total current receipts
2000-01 905 0.24 690 0.18 550 0.14 2,145 0.56 383,008
2001-02 1,040 0.27 945 0.24 700 0.18 2,690 0.69 389,953
2002-03 1,345 0.34 1,320 0.33 860 0.22 3,525 0.89 396,127
2003-04 1,305 0.31 1,365 0.32 1,035 0.24 3,710 0.88 423,350
2004-05 1,400 0.31 1,770 0.39 1,450 0.32 4,620 1.02 453,240
Amount (£ million)
  Stamp duty consideration band and duty rate  
  £120,001-£250,000 £250,001-£500,000 Above £500,000    
  1% 3% 4% All bands  
  No. % No. % No. % No. % Public sector total current receipts
2005-06 1,175 0.24 1,910 0.39 1,500 0.31 4,585 0.94 487,805
Amount (£ million)
  Stamp duty consideration band and duty rate  
  £125,001-£250,000 £250,001-£500,000 Above £500,000    
  1% 3% 4% All bands  
  No. % No. % No. % No. % Public sector total current receipts
2006-07 1,455 0.28 2,660 0.51 2,260 0.44 6,375 1.23 518,946
2007-08 1,280 0.23 2,740 0.50 2,660 0.48 6,680 1.22 549,174
2008-09 505 0.09 1,155 0.22 1,290 0.24 2,950 0.55 535,358
2009-10 450 0.09 1,365 0.26 1,470 0.29 3,290 0.64 515,359
2010-11 540 0.10 1,575 0.28 1,930 0.35 4,040 0.73 554,735
Amount (£ million)
  Stamp duty consideration band and duty rate  
  £125,001-£250,000 £250,001-£500,000 £500,001-£1,000,000 Above £1,000,000      
  1% 3% 4% 5% All bands  
  No. % No. % No. % No. % No. % Public sector total current receipts
2011-12 545 0.09 1,560 0.27 1,005 0.17 1,110 0.19 4,220 0.73 576,082
Notes: 1. Figures may not sum due to rounding 2. The estimates up to 2003-04 were derived using information from the Survey of Property Transactions. 3.The estimates for 2004-05 to 2011-12 were derived using the Stamp Duty Land Tax database.

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