§ Mr. Viggersasked the Chancellor of the Exchequer what would be the estimated cost in revenue lost in a full financial year of replacing the present "slab" system of applying stamp duty to house purchase transactions with a "slice" system so that the percentage duty in each band applied only to the amount of the house price within that band rather than to the whole of the house price, both at 1980–81 outturn prices and at estimated 1981–82 outturn prices.
§ Mr. Peter ReesThe estimated full-year cost of charging stamp duty at the present rates by the suggested method on conveyances of all kind and buildings (with appropriate adjustments for leases) in 1980-81 would be £ 170 million. Information on which to base an estimate for 1981–82 is not available.
§ Mr. Viggersasked the Chancellor of the Exchequer what would be the estimated cost in revenue lost in a full financial year of raising all the house price thresholds for sump duty on house purchase by (a) £5,000, (b) £10,000 and (c) £15,000, both at 1980-81 outturn prices and at estimated 1981–82 outturn prices.
§ Mr. Peter ReesThe estimated full-year cost of raising all the thresholds by the suggested amounts for conveyances of all land and buildings (with appropriate adjustments for leases) in 1980–81 would be as follows:
Increase £ Cost (£m) 5,000 60 10,000 100 15,000 130 information on which to base an estimate for 1981–82 is not available.