§ Mr. Andrew TurnerTo ask the Chancellor of the Exchequer what the(a) set retirement age applying to all or most personnel and (b) maximum age beyond which applications for employment will not be considered is in (i) his Department and (ii) its agencies. [186372]
§ Mr. TimmsThe in formation requested is available in the following table:
cent. on sales of £500,000 and above, (c) 0 per cent. on property sales up to £100,000, 2 per cent. on sales between £100,000 and £249,999, 5 per cent. on sales between £250,000 and £499,999 and 8 per cent. on sales of £500,000 or above, (d) 0 per cent. on property sales up to £110,000, 3 per cent. on sales between £110,000 and £249,999, 5 per cent. on sales between £250,000 and £499,999 and 8 per cent. on sales of £500,000 and (c) 0 per cent. sales up to £110,000, 2 per cent. on sales between £110,000 and £249,999, 5 per cent. on sales between £249,999 and £499,999, 8 per cent. on sales of £500,000 or above. [188011]
1513W
§ Mr. Timms[holding answer 13 September 2004]: The estimated revenue cost, in 2005–06, of restructuring stamp duty on residential property sales according to the five schemes described in the question is given in the following tables:
Tax regime 1 Marginal rates Price of residential property £0-£119,999 (percentage) 0 £120,000-£249,999 (percentage) 3 £250,000-£499,999 (percentage) 4 £500,000 and above (percentage) 8 Revenue cost (£ million) 690
Tax regime 2 Marginal rates Tax regime 3 Marginal rates Price of residential property £0-£99,999 (percentage) 0 0 £100,000-£249,999 (percentage) 3 2% £250,000-£499,999 (percentage) 5 5 £500,000 and above (percentage) 8 8 Revenue cost (£ million) -60 690
Tax regime 4 Marginal rates Tax regime 5 Marginal rates Price of residential property £0-£109,999 (percentage) 0 0 £110,000-£249,993 (percentage) 3 2 £250,000-£499,999 (percentage) 5 5 £500,000 and above (percentage) 8 8 Revenue cost (£ million) 190 860 This does not include any allowance for behavioural changes.
§ Mr. CousinsTo ask the Chancellor of the Exchequer in which neighbourhoods in Newcastle exemptions and remissions of stamp duty apply what the value of the exemptions and remissions so far granted has been; and whether the boundaries of the neighbourhoods will be revised in the light of the new index of multiple deprivation. [188711]
§ Mr. TimmsThe list of wards in Newcastle which qualify for deprived areas relief are Walker, Monkchester, Elswick, West City, Byker, Scotswood, Benwell, Woolsington, Moorside, Fawdon, Blakelaw, Kenton, Wingroye, Fenham, Newburn, Walkergate and Denton.
The value of relief given in the listed Newcastle wards between inception of the relief at the end of November 2001, and the end of March 2004, is estimated at around £4 million.
There will be no changes to the qualifying areas before December 2006.