Stamp Duty Land Tax

Treasury written question – answered on 18th November 2013.

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Photo of Bob Stewart Bob Stewart Conservative, Beckenham

To ask the Chancellor of the Exchequer how much stamp duty land tax is paid on properties valued at £2 million and under each year.

Photo of David Gauke David Gauke The Exchequer Secretary

HMRC's published Stamp Tax Statistics include breakdowns of the amount of stamp duty land tax (SDLT) collected at each SDLT rate. These can be found at the following address (Table 3.1):

http://www.hmrc.gov.uk/statistics/stamp-duty/stamp-tax-sep13.pdf

In 2012-13, a total of £4.04 billion of SDLT was collected from residential property transactions where the consideration was £2 million or less.

These published statistics do not provide such estimates for earlier years as there was no SDLT rate threshold at £2 million. For the same reason, the statistics do not provide estimates for non-residential property transactions

However, historic estimates of the amount of SDLT revenue collected from property transactions where the consideration was £2 million or less can be found in the following table. This includes both residential and non- residential property transactions.

Estimated stamp duty land tax yield from residential and non-residential property transactions
£ million
  Residential Non-Residential
  £2 million and under Over £2 million £2 million and under Over £2 million
2005-06 4,300 285 950 1,920
2006-07 5,900 480 1,140 2,120
2007-08 6,080 600 1,100 2,180
2008-09 2,595 355 740 1,105
2009-10 2,945 345 580 1,015
2010-11 3,535 505 625 1,295
2011-12 3,595 625 625 1,285
2012-13 4,035 870 635 1,370

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