HC Deb 08 May 1978 vol 949 c359W
Mr. Boscawen

asked the Chancellor of the Exchequer what would be the cost of removing stamp duty on the purchase of houses of the value up to £5,000, £7,500, £10,000, £15,000 and £20,000.

Mr. Robert Sheldon

, pursuant to his reply [Official Report, 4th May 1978; Vol. 949, c. 250], gave the following answer:

Stamp duty is not currently chargeable on the purchase of a house with a value of £15,000 or less. The estimated cost of abolishing stamp duty on purchases of houses valued at between £15,000 and £20,000 is about £18 million, assuming that scales of duty remained otherwise unchanged.

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