Asked by: Peter Fortune (Conservative - Bromley and Biggin Hill)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an estimate of the total revenue her Department expects to receive from property purchases in London following proposed changes to the rate of stamp duty relief.
Answered by James Murray - Exchequer Secretary (HM Treasury)
Statistics on total revenue raised from Stamp Duty Land Tax by region of England for previous years are available within Table 3a of the ‘UK Stamp Tax statistics’ publication available here: https://www.gov.uk/government/statistics/uk-stamp-tax-statistics. The most recent data covers the financial year 2022 to 2023.
Regional projections of total revenue from property purchases are not available.
Asked by: Peter Fortune (Conservative - Bromley and Biggin Hill)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an estimate of the number of first-time buyers in London that may be subject to stamp duty from April 2025, in the context of proposed changes to the rate of stamp duty relief.
Answered by James Murray - Exchequer Secretary (HM Treasury)
Statistics on the number of claimants of First Time Buyers’ Relief on Stamp Duty Land Tax by region of England are included within Table 9 of the ‘UK Stamp Tax statistics’ publication available here: https://www.gov.uk/government/statistics/uk-stamp-tax-statistics. The most recent data covers the financial year 2022 to 2023.
Regional projections of the number of first-time buyers subject to Stamp Duty Land Tax are not available.