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Stamp Duty

Volume 979: debated on Thursday 21 February 1980

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asked the Chancellor of the Exchequer when he intends to raise the exemption limit for stamp duty on house purchase.

I cannot anticipate my right hon. and learned Friend's Budget proposals.

I wish that the hon. and learned Gentleman would—especially on this issue. However, is the hon. and learned Gentleman aware that the stamp duty upper limit has not been increased for many years and is wildly out of date? It particularly affects those buying houses at a price of over £30,000. Will he consider the matter seriously and bring something forward in the budget?

We shall consider that matter seriously. The hon. Gentleman will remember the debates that were held under the previous Administration on that point.