Stamp Duty (Hansard, 19 December 2001)

HC Deb 19 December 2001 vol 377 cc326-7W 326W

§ Mr. Flight
To ask the Chancellor of the Exchequer what estimate he has made of the VAT which will be forgone in this financial year as a result of the new stamp duty exemptions for properties where the price does not exceed £150,000. [23761]
327W

§ Mr. Boateng
The stamp duty exemption will have no direct impact on VAT receipts. Any VAT due on the sale of a property is charged before stamp duty is calculated.