§ Mr. Barry FieldTo ask the Chancellor of the Exchequer if he will set out the increase in the yield of stamp duty from house purchase by regions and valuation districts for the last five years; and if he will tabulate this against property value averages and stamp duty thresholds.
§ Mr. LilleyThe table gives the estimated yield from stamp duty on residential property, broken down by regions, for each of the years 1985–86 to 1988–89. The estimates for Scotland and Northern Ireland are very tentative since the available information does not distinguish receipts from residential property in those regions. Estimates of stamp duty on residential property broken down by valuation districts are not available.
The table also sets out average regional house prices for the same years, at mortgage completion stage. This information is derived from "Housing Finance" published by the Council of Mortgage Lenders.
The latest estimate of stamp duty receipts in 1989–90 attributable to residential property was given in the reply to the hon. Member for Nottingham, North (Mr. Allen) on 7 February 1990, Official Report, column 643. A regional breakdown of this figure and average regional prices for 1989–90 are not yet available.
The stamp duty threshold of £30,000 was set in 1984.