§ Mr. HanleyTo ask the Chancellor of the Exchequer what is the current yield from stamp duty split between the major transactions from which it is derived; and what proportion of total taxation revenues it forms.
§ Mr. LilleyThe yield from stamp duty, including stamp duty reserve tax, in 1989–90 is forecast to be £2,260 million, about 1.4 per cent. of the latest forecast of total receipts in 1989–90 from taxes on income, expenditure and capital. The stamp duty yield is forecast to be split as follows:
£ million Land and property 1,210 Stocks and shares 980 Life insurance policies 60 Other duties 10 TOTAL 2,260