§ Mr. Chapmanasked the Chancellor of the Exchequer what the estimated cost to the Exchequer in 1983–84 would be if the stamp duty on the purchase of all dwellings were (a) abolished and (b) only became liable on transactions at ½ per cent. at £100,000, 1 per cent. at £110,000, 1 ½ per cent. at £120,000 and 2 per cent. from £130,000.
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§ Mr. Richard Wainwrightasked the Chancellor of the Exchequer what flat rate of ad valorem stamp duty on conveyances of residential property, exigible on the excess of the consideration over £25,000, would be revenue-neutral in comparison with the present system.
§ Mr. WakehamI shall let my hon. Friend and the hon. Member have a reply as soon as possible.