Skip to main content

Stamp Duty (Peterborough)

Volume 447: debated on Wednesday 14 June 2006

To ask the Chancellor of the Exchequer how many properties sold in (a) Peterborough constituency and (b) the Peterborough city council area in each of the last three years attracted stamp duty at (i) 0 per cent., (ii) one per cent., (iii) three per cent. and (iv) four per cent. (76595)

Estimates of the number of property transactions at local authority/unitary authority level and for parliamentary constituencies are only available for 2004-05 and 2005-06, and are given in the following table grouped by stamp duty band.

The number of transactions bearing stamp duty will be lower than the number shown in the non-zero bands due to the use of various reliefs, e.g. disadvantaged area relief, group relief, registered social landlord relief etc. There are also some lease transactions which fall in the 0 per cent. band on account of consideration, but which bear stamp duty on the lease rental.

Property transactions attracting

0 per cent. rate1

1 per cent. rate2

3 per cent. rate3

4 per cent. rate4

Total

Peterborough city council

2004-05

1,200

4,700

260

80

6,300

2005-06

3,300

2,400

320

130

6,100

Peterborough constituency

2004-05

780

2,600

96

46

3,600

2005-06

2,000

1,100

100

58

3,300

1 Residential threshold was £60,000 in 2004-05 and £120,000 in 2005-06. Non residential threshold was £150,000 in both years. 2 £60,001-£250,000 range for residential transactions in 2004-05, £120,001-£250,000 for residential transactions in 2005-06, £150,001-£250,000 for non-residential transactions. 3 £250,001 to £500,000. 4 £500,001 or more.