§ Matthew TaylorTo ask the Chancellor of the Exchequer how many properties per annum he expects to benefit over the next three years from the exemptions from stamp duty for properties in disadvantaged areas listed in line 2 of Table A2.1 of the Financial Statement and Budget report. [53406]
§ Ruth KellyThe number of properties per annum benefiting over the next three years from the current stamp duty exemption listed in Table A2.1 of the FSBR is estimated at around 40,000. At present the exemption applies to property transactions in designated wards where the consideration does not exceed £150,000. The Government intend to abolish stamp duty for all non-residential property transactions in these wards, subject to state aid approval.