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Stamp Duty Land Tax

Volume 486: debated on Thursday 22 January 2009

To ask the Chancellor of the Exchequer what estimate he has made of the revenue received by the Exchequer in stamp duty land tax since the announcement of the stamp duty holiday in September 2008; what recent estimate he has made of the cost to the Exchequer of the stamp duty holiday; and what assessment he has made of the effect of the stamp duty holiday on the housing market. (249305)

Since the advent of the stamp duty land tax holiday in September stamp duty land tax receipts for the three months from September to November 2008 have amounted to £1.1 billion.

The estimated exchequer cost of the stamp duty land tax holiday, published in the pre-Budget report, was £280 million.

It is too early to make an assessment of the effect of the stamp duty land tax holiday on the housing market.