§ Mr. AllenTo ask the Chancellor of the Exchequer what is the yield and cost of collection of the stamp duty on(a) the sale of domestic housing and (b) any other categories where the information is available for the latest year for which figures are available.
§ Mr. LilleyThe latest available forecast of receipts from stamp duties in 1989–90, split between the major transactions from which it is derived, was given in the reply to my hon. Friend the Member for Richmond and Barnes (Mr. Hanley) on 30 November 1989,Official Report, columns 431–32. About £950 million of the stamp duty on land and property is attributable to residential property.
The cost of collection is expected to be around 0.3 per cent. of total stamp duties; a separate figure for the cost of collecting duty on residential property is not available.