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Tax Revenue

Volume 450: debated on Monday 16 October 2006

To ask the Chancellor of the Exchequer how much revenue was raised by stamp duty in (a) share transactions and (b) property sales in (i) 2005-06, (ii) 1997-98 and (iii) 1979-80; and what each figure represents as a percentage of the total tax paid in each year. (91437)

Receipts of stamp duty from property and share transactions from 2000-01 can be found at:

http://www.hmrc.gov.uk/stats/stamp_duty/table15-1.pdf.

Total receipts data from 1999-2000 are published in table C4 of the Public Finances Databank, which can be found at:

www.hm-treasury.gov.uk/economic_data_and_tools/finance_spending_statistics/pubsec_finance

The series in the databank which most closely reflects “total tax paid” is ‘Net taxes and National Insurance Contributions’.

The total revenue raised and the revenue raised from stamp duty in 1979-80 and 1997-98 is shown in the following table.

£ billion

1979-80

1997-98

Total tax paid

70.0

296.2

Revenue raised from stamp duty property sales

0.4

1.5

Revenue raised from stamp duty share transactions

0.2

2.0