§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will publish a table showing for sales of domestic premises in 1988–89(a) the number of transactions in each region and (b) the number which were exempt for falling under the duty threshold.
§ Mr. LilleyThe available information is given in the following table. Reliable estimates for Scotland and Northern Ireland are not available.
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Sales of residential property in 1988–89 by region in England and Wales Total number of transactions Number not above stamp duty threshold of £30,0001 (thousands) (thousands) North 92 58 Yorkshire and Humberside 193 117 East Midlands 156 68 East Anglia 73 11 South East 457 52 Greater London 279 25 South West 202 37 West Midlands 157 62 North West 221 126
Total number of transactions Number not above stamp duty threshold of £30,0001 (thousands) (thousands) Wales 99 51 England and Wales 1,928 608 1 Excludes 63,000 purchases of new leases with premiums below £30,000 which have different rules as to calculation of duty according to the premium and rental elements. Source: Surveys of Conveyancing 1988 and 1989.