HC Deb 10 May 1984 vol 59 cc1074-5
8. Mr. Thurnham

asked the Chancellor of the Exchequer what was the estimated income from stamp duty during the year 1983–84 (a) from property and (b) from other sources.

Mr. Peter Rees

£550 million from transactions in real property; and £590 million from other types of transactions.

Mr. Thurnham

Does my right hon. and learned Friend agree that the measures in the Budget will improve

the workings of the property market and that many thousands of home buyers will benefit, especially first—time buyers?

Mr. Rees

I am happy to confirm my hon. Friend's comments on the measure. In fact, about 600,000 home buyers should benefit from the measure during the next year, and about 90 per cent. of them should be first—time home buyers.