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.
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.