Stamp Duty Land Tax
(asked on 21st March 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many properties valued at or over £1 million were sold in October to December (a) 2014 and (b) 2015; and how much was raised in stamp duty land tax in each of those periods.
The table below summarises estimates for the number of and yield from property transactions between October and December 2014 and 2015. The estimates for 2014 include transactions in Scotland whereas estimates for 2015 do not because SDLT ceased to be applicable to Scottish transactions from 1 April 2015. The figures for the 2015-16 financial year are provisional.
| October to December 2014 | October to December 2015 |
Residential Transactions at or over £1m (Number) | 4,800 | 5,300 |
Residential Transactions at or over £1m (Stamp Duty Land Tax) | £577 million | £674 million |
Non-Residential Transactions at or over £1m (Number) | 3,800 | 3,600 |
Non-Residential Transactions at or over £1m (Stamp Duty Land Tax) | £708 million | £731 million |
Total Stamp Duty Land Tax | £2.87 billion | £2.91 billion |