§ 52. Mr. Goodhartasked 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. BoyleAbout £2 million.
§ Mr. GoodhartIs 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. BoyleI am sure that my right hon. and learned Friend will bear my hon. Friend's point in mind.
§ Mr. S. SilvermanDoes 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. BoyleOf course, all these points will be borne in mind. I cannot make any further comment today.