Stamp Duty (Hansard, 1 July 1999)

HC Deb 01 July 1999 vol 334 c259W 259W

§ Mr. Maude
To ask the Chancellor of the Exchequer what proportion of the revenue generated by stamp duty arose from duty charged on the purchase of commercial land and property in the last year for which figures are available. [88828]

§ Ms Hewitt
The requested information is given in the table.

1998–99¹ (Provisional)

Net receipts £ billion Proportion of net receipts Percentage¹

Stamp duty (including stamp duty reserve tax) on transaction in shares and other securities 2.5 55

Stamp duty on:

Residential transactions 1.2 25

Commercial property and land transactions 0.9 20

Total 4.6 100

¹Proportions rounded to nearest 5 per cent.

1998–99¹ (Provisional)
	Net receipts £ billion	Proportion of net receipts Percentage¹
Stamp duty (including stamp duty reserve tax) on transaction in shares and other securities	2.5	55
Stamp duty on:
Residential transactions	1.2	25
Commercial property and land transactions	0.9	20
Total	4.6	100
¹Proportions rounded to nearest 5 per cent.