§ Mr. FlightTo ask the Chancellor of the Exchequer what projections he has made for revenue from stamp duty on(a) property and (b) share transactions in each of the (i) last five and (ii) next three financial years. [163598]
§ Ruth KellyEstimates of the revenue from stamp duty on both property and share transactions in each of the last five financial years up to and including 2002–03 are given at http://www.inlandrevenue.gov.uk/stats/stamp_duty/03IR15l.pdf.
Estimated and projected revenues for total stamp taxes in 2003–04 and 2004–05 are published in table C8 of the Budget 2004 report. The breakdown between duty on land and property and share transactions is as follows.
£ billion 2003–04 2004–05 Stamp taxes on: Land and property 4.9 6.2 Shares 2.6 3.2