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Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will publish in the Official Report his forecast for the revenue from stamp duty in the next financial year on (i) stocks and shares and (ii) dwellings, together with his estimate for the outturn this year.
Mr. Ian Stewart
The information is as follows:
| £ million | ||
| Estimated Outturn 1986–87 | Forecast 1987–88 | |
| Stamp Duty on: | ||
| stocks and shares (including Stamp Duty Reserve Tax) | 840 | 890 |
| residential property | 570 | 700 |
Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will publish in the Official Report his estimate of the amount of stamp duty payable on share transactions (a) since deregulation in the stock markets and (b) in a comparable period the previous year; and what is the implied rate at which the share capital of the listed companies is being turned over annually.
Mr. Ian Stewart
I shall let the hon. Member have a reply as soon as possible.