Stamp Duty (Hansard, 4 February 2004)

§ Mr. Amess
To ask the Chancellor of the Exchequer what estimate he has made of the revenue to be raised from stamp duty land tax on leases in the next tax year.[152608]

§ Ruth Kelly
The yield from stamp duty land tax on the premium and rental elements of leases is forecast to be around £450 million in 2004–05.

§ Mr. Amess
To ask the Chancellor of the Exchequer what estimate he has made of the percentage of commercial rental contracts liable for stamp duty land tax.[152610]

§ Ruth Kelly
Approximately 60 per cent., of new commercial leases will pay no stamp duty land tax on the rental element. This compares with only 9 per cent. of leases that were exempt as regards the rental element under the previous stamp duty regime.

§ Mr. Amess
To ask the Chancellor of the Exchequer what representations he has received concerning the future of e-conveyancing following the implementation of stamp duty land tax.[152611]

§ Ruth Kelly
None.