§ Mr. John Fraserasked the Chancellor of the Exchequer when he first took legal advice about stamp duty savings schemes; and what action he now proposes to take on the matter.
§ Mr. MooreI refer the hon. Member to the reply I gave on 22 December to my hon. Friend the Member for Lincoln (Mr. Carlisle).
§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what is his latest estimate of the cost to the Exchequer of abolishing stamp duty on house sales in a full year; and if he will provide the corresponding figures for exempting charges made for conveyancing from value added tax.
§ Mr. Moore[pursuant to the reply, 22 December 1983, c. 381]: Stamp duty on house sales is expected to yield £390 million in 1983–84; the loss of revenue from zero rating conveyancing charges is estimated to be of the order of £100 million to £125 million a year.