HC Deb 05 July 1971 vol 820 c298W
Mr. Bishop

asked the Chancellor of the Exchequer how he proposes to satisfy himselftha t the abolition of stamp duty on mortgages on 1st August will result in the passing on of savings to house purchasers.

Mr. Patrick Jenkin

Where, as is commonly the case, the stamp duty on a mortgage is borne by the house purchaser, he should automatically benefit from its abolition.

Back to