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Stamp Duty Land Tax

Volume 488: debated on Wednesday 25 February 2009

To ask the Chancellor of the Exchequer what estimate he has made of the revenue to accrue from stamp duty land tax in 2009-10; on what assumptions this estimate is based; and what estimate he has made of the revenue which would be forgone in offering a stamp duty land tax holiday to first time housebuyers in the next 12 months. (258557)

The latest published forecast revenue from stamp duties for 2009-10 was given in table B12 of the PBR 2008. The published figure includes stamp duty land tax, stamp duty reserve tax and stamp duty, and was based on the PBR economic forecast and assumptions.

An estimate of the cost of the current SDLT holiday, covering residential transactions completed between 3 September 2008 and 2 September 2009 with a selling price between £125,000 and £175,000, was also published in the PBR.

No estimate has been made of the cost of the stamp duty holiday described.