HC Deb 30 March 1999 vol 328 c669W
Mr. Whittingdale

To ask the Chancellor of the Exchequer (1) how many property transactions worth(a) over £250,000 and (b) over £500,000 took place in 1998; and how many of these related to (i) commercial property, (ii) domestic property and (iii) intellectual property; [79045]

1998–1999 (provisional)
Price Band Number1 of transactions (thousands) Net2 receipts (£ million) Proportion3 of net receipts %
Transactions over £250,000 but not over £500,000
Residential transactions 40 245 80
Commercial property and land transactions 10 65 20
Total 45 310 100
Transactions over £500,000
Residential transactions 5 215 20
Commercial property and land transactions 10 825 80
Total 15 1,040 100
All transactions over £250,000
Residential transactions 45 460 35
Commercial property and land transactions 20 890 65
Total 65 1,350 100
1 Transactions rounded to the nearest 5,000. Figures are rounded individually and may not sum to the totals shown.
2 Net receipts rounded to the nearest £5 million.
3 Proportions rounded to the nearest 5 per cent.

It is estimated that stamp duty on transactions of intellectual property amount to about £5 million in 1998–99 from about 2,000 transactions. No further details are available on such transactions.