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Stamp Duty

Volume 22: debated on Monday 19 April 1982

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asked the Chancellor of the Exchequer to what level the threshold for the exemption of the conveyance of owner-occupied dwellings from stamp duty would need to be increased to take account of increases in house prices since the threshold was increased (a) in 1974 and (b) in 1980.

[pursuant to his reply, 8 April 1982, c. 449]: The threshold for exemption from stamp duty applied to transfers of all property other than stocks and shares, and conveyances of owner-occupied dwellings are not treated distinctively. On the basis of the most recent Building Societies Association figures available showing the movement of average house prices, the 1974 threshold of £15,000 would need to be increased to £32,900 and the 1980 threshold of £20,000 to £20,800.