HC Deb 29 November 1983 vol 49 cc454-5W
Mr. Favell

asked the Chancellor of the Exchequer what has been the revenue from stamp duty for each of the last two years; how much in each year it has cost to collect the duty; and if he will give short particulars of how the figures are made up.

Mr. Moore

The yield from stamp duty in 1981–82 was £797 million and in 1982–83 £870 million. The figures are made up as follows:

1981–82 £ million 1982–83 £ million
i. Conveyances and transfers
—land (including buildings) 374 398
—stocks and shares 289 344
—other property 3 3

1981–82 £ million 1982–83 £ million
ii. Leases of land and property 37 32
iii. Capital duty 51 39
iv. Life insurance policies 34 43
v. Other duties 9 11

The estimated cost of collecting these duties in 1981–82 was £8 million and in 1982–83 £9 million. About 90 per cent. of this expenditure was on pay and accommodation.