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Stamp Duties: Repayments

Volume 461: debated on Thursday 21 June 2007

To ask the Chancellor of the Exchequer how many people received refunds on stamp duty in 2006-07; and how many received such refunds erroneously. (143726)

From 1 December 2003, stamp duty land tax replaced stamp duty for property transactions. During 2006-07 Her Majesty's Revenue and Customs issued 7,442 repayments of stamp duty land tax.

Stamp duty land tax is a self-assessed tax. It is not possible to estimate the number of repayments which should not have been made because a purchaser has incorrectly completed his or her return.