§ Mr. PriskTo ask the Chancellor of the Exchequer what percentage of UK housing stock will benefit from stamp duty exemption in enterprise areas. [107674]
§ John HealeyThe relief from stamp duty in disadvantaged areas has already benefited thousands of house-buyers and businesses since it was introduced on 30 November 2001 for all properties where the consideration does not exceed £150,000. The Inland Revenue estimates that around 4 per cent, of all transactions in UK residential property had claimed this relief in the period between implementation of the relief and 31 January 2003.