Estimates of the number of property transactions for 2004-05, 2005-06 and 2006-07 are given in the following table for Bury St. Edmunds parliamentary constituency and Suffolk county, grouped by stamp duty band.
Property transactions attracting 0 per cent. rate1 Property transactions attracting 1 per cent. rate2 Property transactions attracting 3 per cent. rate3 Property transactions attracting 4 per cent. rate4 Total Bury St. Edmunds 2004-05 430 2,200 420 50 3,140 2005-06 1,300 2,200 510 90 4,100 2006-07 1 ,500 2,800 690 120 5,100 Suffolk 2004-05 3,500 14,000 2,100 500 20,100 2005-06 8,600 10,500 2,400 420 21,900 2006-07 8,800 12,100 3,100 730 24,800 1 Residential threshold £60,000 in 2004-05, £120,000 in 2005-06 and £125,000 in 2006-07. Non-residential threshold £150,000 in all years. 2 £60,001 to £250,000 range for residential transactions in 2004-05, £120,001 to £250,000 for residential transactions in 2005-06, £125,001 to £250,000 in 2006-07, £150,001 to £250,000 for non-residential transactions in all years. 3 £250,001 to £500,000. 4 £500,001 or more.
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.