§ Mr. LoughtonTo ask the Chancellor of the Exchequer how many residential property sales took place in each of the last three years which were not eligible for stamp duty. [139166]
§ Miss Melanie Johnson[holding answer 20 November 2000]: Estimates of the number of residential property sales in the United Kingdom which were not liable to stamp duty since the sale price did not exceed £60,000, are as follows:
Number 1997–98 750,000 1998–99 660,000 1999–2000 660,000 In each of these years the number of non-liable residential transactions were estimated to be over two fifths of the total residential transactions.