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Taxation: Housing

Volume 494: debated on Tuesday 16 June 2009

To ask the Chancellor of the Exchequer (1) what estimate has been made of the percentage of stamp duty receipts which will be derived from (a) residential properties, (b) commercial properties and (c) shares in each of the next three years; (271562)

(2) what percentage of stamp duty receipts were derived from (a) residential properties, (b) commercial properties and (c) shares in (i) each of the last 12 quarters and (ii) each year since 1997.

The available breakdowns are given in the following table:

Annual estimates from 1997-98 and quarterly estimates from 2006 (Q2)

Stamp taxes on residential properties

Stamp taxes on commercial properties

Stamp duty on shares

Percentage

1997-98

24

19

57

1998-99

23

23

54

1999-2000

26

20

54

2000-01

26

19

55

2001-02

39

21

41

2002-03

46

20

34

2003-04

49

17

34

2004-05

52

18

30

2005-06

42

26

32

2006-07

49

23

28

2007-08

47

23

30

Quarterly receipts information is only published for stamp duties as a whole and is given for the requested quarters at:

http://www.hmrc.gov.uk/stats/tax_receipts/table1-3.pdf

Forecasts are also only published for stamp duties as a whole and forecasts for the next three years are available in table 2.9 of the publication Budget 2009: the economy and public finances—supplementary material, found at:

http://www.hm-treasury.gov.uk/d/Budget2009/bud09_econfinances_968.pdf

To ask the Chancellor of the Exchequer what projections have been made for (a) stamp duty land tax and (b) housing sector corporation tax receipts in each of the next two years. (275661)

The forecast of stamp duties for 2009-10 and 2010-11 is given in table 2.9 of the Budget 2009 supplementary report on the economy and public finances, available at

http://www.hm-treasury.gov.uk/d/Budget2009/bud09_econfinances_968.pdf

It is not possible to estimate corporation tax receipts for the housing sector and it is therefore not possible to make any corporation tax projections of receipts from the housing sector.