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HM Treasury written question – answered on 27th July 2017.

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Photo of Lord Flight Lord Flight Conservative

Her Majesty's Government what was (1) the total income raised from the stamp duty levy on additional homes, and (2) the total amount refunded because a purchaser sold their main residence within three years of buying a new one, in 2016-17.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

The total income raised from the higher rate of Stamp Duty Land Tax (SDLT) on additional homes for 2016-17 was £1,643m. This is the revenue from the additional 3% element only and therefore excludes the revenue from the main rates of SDLT on these properties.

Statistics on repayments from the higher rate of SDLT on additional properties for 2016-17 are due to be published in July 2017.

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