HL Deb 31 January 2005 vol 669 cc21-3WA
Lord Oakeshott of Seagrove Bay

asked Her Majesty's Government:

What were the stamp duty receipts from transactions in (a) shares; (b) residential property; and (c) commercial property in each year since 1996–97. [HL928]

Lord McIntosh of Haringey

Stamp duty receipts for 1996–97 and 1997–98 are given in the table below:

1996–97 (£ million) 1997–98 (£ million)
Stamp duty receipts from:
Residential property 675.0 830.0
Non-residential property 383.0 664.5
Shares 1,408.0 1,959.7

Stamp duty receipts from transactions in residential and non-residential property from 1998–99 onwards are given in Table 15.3 of Inland Revenue statistics:

www.newinternet.inrev.gov.uk/stats/stamp_duty/ tablel5_ 3_october04.pdf

Stamp duty receipts from transactions in shares from 1998–99 onwards are given in Table 15.1 of Inland Revenue statistics:

www.newinternet.inrev.gov.uk/stats/stamp_duty/table15_1_september04.pdf

Lord Oakeshott of Seagrove Bay

asked Her Majesty's Government:

What were the receipts from stamp duty in transactions on securities listed on the Stock Exchange; and what were the number of such transactions in (a) each full year since 1996–97; and (b) in the first seven months of 2004–05. [HL929]

Lord McIntosh of Haringey

Stamp duty reserve tax (SDRT) is charged on transactions in UK securities arising from trading on the London Stock Exchange and other exchanges. SDRT receipts from transactions in shares from 1998–99 onwards are given in Table 15.1 of Inland Revenue statistics:

www.newinternet.inrev.gov.uk/stats/stamp_duty/ table15_1_september04.pdf

SDRT receipts for 1996–97 and 1997–98 are given in the table below:

1996–97 (£ m) 1997–98 (£ m)
Receipts from:
SDRT 304.7 1,704.5

A provisional estimate for receipts in the first seven months of 2004–05 is £1.3 billion. The number of stampable transactions is not available; however the total number of bargains on the London Stock Exchange is available monthly from December 1998 at:

www.londonstockexchange.co.uk/en-qb/ pricesnews/statistics/factsheets/smfs.htm

These figures will include transactions that do not pay stamp duty.