§ Mr. Lathamasked the Chancellor of the Exchequer whether he will set out in tabular form (i) the estimated cost to public funds and (ii) the estimated number of properties exempted if stamp duty on house purchase were to become payable only on houses costing (a) £35,000, (b) £40,000, (c) £50,000 and (d) up to £100,000 in steps of £10,000 at a time after £50,000.
§ Mr. Ian Stewart[pursuant to his reply, 6 February 1987]: The stamp duty threshold applies to all property other than stock or marketable securities. For 1987–88, the estimated cost of raising the threshold to the amounts shown, and the further numbers of properties exempted, would be as follows:
Threshold (£) Estimated Cost (£ million) Numbers of Properties ('000) 35,000 115 350 40,000 195 580 50,000 315 840 60,000 395 990 70,000 450 1,070 80,000 495 1,130 90,000 525 1,170 100,000 555 1,200