Housing: Taxation

House of Lords written question – answered on 16th December 2014.

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Photo of Lord Ashcroft Lord Ashcroft Conservative

To ask Her Majesty’s Government whether there has been any decline in stamp duty receipts on higher priced properties since public talk of a “mansion” tax began.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

Statistics on Stamp Duty Land Tax receipts by consideration band can be found in Table 3.1 of the ‘UK Stamp Tax Statistics 2013-14’ publication. The following table provides data, from that publication, for the estimated yield attributable to residential property within the £1 million to £2 million and above £2 million consideration bands for 2012-2013 and 2013-2014:

£1,000,001-£2,000,000 Above £2,000,000
Non-corporate bodies Corporate bodies
2012-2013 585 800 70
2013-2014 805 1,010 70

Amounts: £ million. Figures may not sum due to rounding conventions

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