§ Mr. Favellasked 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. MooreThe yield from stamp duty in 1981–82 was £797 million and in 1982–83 £870 million. The figures are made up as follows:
455W
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.