§ Mr. Nicholas Wintertonasked the Chancellor of the Exchequer what percentage of house purchases are liable for stamp duty in each region of the United Kingdom.
§ Mr. WakehamThe latest available information is for November 1981 and relates to sales of residential property in England and Wales only; comparable figures for the rest of the United Kingdom are not available. Following the increase in the threshold in March 1982 the proportion for England and Wales as a whole probably dropped to about one third. The November 1981 figures are:342W
Numbers of residential properties sold: properties where sale liable to stamp duty as a percentage of all properties Standard Region Per cent. North 20 Yorkshire and Humberside 23 East Midlands 34 East Anglia 43 South East (excluding Greater London) 60 Greater London 63 South West 57 West Midlands 35 North West 29 Wales 23 Total: England and Wales 43 Overall, only about 10 per cent. of all house purchases are liable to stamp duty at the standard rate of 2 per cent.