Stamp Duty Land Tax

HM Treasury written question – answered on 28th March 2017.

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Photo of Alan Brown Alan Brown Scottish National Party, Kilmarnock and Loudoun

To ask Mr Chancellor of the Exchequer, with reference to table 2.2, line d of the Budget 2016, how much additional stamp duty was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.

Photo of Alan Brown Alan Brown Scottish National Party, Kilmarnock and Loudoun

To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 44 of the Budget 2016, how much additional tax was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

An estimate of Stamp Duty Land Tax (SDLT) receipts from additional properties is published in the ‘Quarterly Stamp Duty Statistics’ publication:

https://www.gov.uk/government/statistics/quarterly-stamp-duty-statistics

Forecast revenues for the higher rate of SDLT on additional properties for 2017-2018 at Budget 2017 were published by the Office of Budget Responsibility in Table 2.6 of the Economic and Fiscal Outlook – supplementary fiscal tables:

http://budgetresponsibility.org.uk/download/march-2017-economic-and-fiscal-outlook-supplementary-fiscal-tables-receipts-and-other/

Information on the amount raised on the exemption measure (table 2.1, line 44 of Budget 2016) is not available. We have not produced an update to the estimated 2017-18 tax level. This will form a part of our overall forecast revenues for the higher rate of SDLT on additional properties.

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