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Stamp Duties

Volume 463: debated on Monday 10 September 2007

To ask the Chancellor of the Exchequer what estimate his Department has made of the average stamp duty paid by first-time buyers. (152853)

To ask the Chancellor of the Exchequer what the average stamp duty paid by a first time buyer was in (a) each Government office region in England and (b) England in the last period for which figures are available. (153721)

HMRC administrative systems do not identify whether a stamp duty land taxpayer is a first time buyer. It is not therefore possible to derive an estimate of the average stamp duty land tax paid by first time buyers. However, it is estimated that close to half of all first time home buyers are exempt from stamp duty land tax, taking into account the £125,000 starting threshold and the enhanced £150,000 threshold which is available in 2,000 disadvantaged wards.