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Written question asked by Lord Ashcroft (Conservative) on Tuesday, 2 December 2014, in the House of Lords. It was due for an answer on Tuesday, 16 December 2014. It was answered by Lord Deighton (Conservative) on Tuesday, 16 December 2014 on behalf of the Treasury.


Housing: Taxation

Question

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.

Answer

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


Secondary information

Type
Written question
Reference
HL3324
Session
2014-15
Subjects
Housing Taxation Tax yields Stamp duty land tax
Contains statistics
Yes
Link
View this Written question on www.parliament.uk