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Stamp Duty

Volume 115: debated on Thursday 30 April 1987

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asked the Chancellor of the Exchequer to what he ascribes the difference between the 1986 Budget estimate and the latest estimate of the revenue from stamp dutis in 1986–87; and if he will break down the figures in table 6B.3 of the financial statement and Budget report 1987–88 to show where the latest estimate diverged from the original forecast and where the forecast for 1987–88 differs from the latest estimate for 1986–87.

The difference can be ascribed mainly to increased turnover and prices in the property and stock markets. The breakdown of the figures requested is as follows:

(£ million)
Land and buildings605710875
Other duties230290310
TOTAL (rounded)1,4301,8502,100
1 Latest estimate.