HC Deb 09 February 1961 vol 634 c617
52. Mr. Goodhart

asked the Chancellor of the Exchequer what would be the loss in revenue if no Stamp Duty were payable on mortgages of £3,500 or less.

Sir E. Boyle

About £2 million.

Mr. Goodhart

Is my hon. Friend aware that the remission of this section of Stamp Duty would be of particular benefit to those who have most difficulty in purchasing their own homes?

Sir E. Boyle

I am sure that my right hon. and learned Friend will bear my hon. Friend's point in mind.

Mr. S. Silverman

Does the hon. Gentleman realise that there is a considerable anomaly in relieving conveyances below this value from Stamp Duty in order to encourage house ownership by not very wealthy individuals and then charging a Stamp Duty when they raise the capital to enable them to make the purchase?

Sir E. Boyle

Of course, all these points will be borne in mind. I cannot make any further comment today.