§ Mr. RedwoodTo ask the Chancellor of the Exchequer what the cost to public funds would be of making 2 per cent. the highest rate of stamp duty levied above existing thresholds. [157570]
§ Ruth KellyThe revenue cost of restructuring stamp duty on property transactions according to the scheme described, which applies a 1 per cent. rate on transactions value above £60,000 and a 2 per cent. rate above £250,000, is estimated to be £1.8 billion in 2004–05. This does not include any allowance for behavioural changes.