March 24, 2005
Question written on 24/03/2005
To ask the Chancellor of the Exchequer how many transactions there were of residential property sales between (a)60,000 and 120,000 and (b)250,000 and 500,000 in Greater London in each of the last five full financial years; and how much stamp duty was raised from them in each year.
Answered by Stephen Timms
Estimates of the numbers of residential property transactions and amount of stamp duty raised from residential property sales in Greater London between 60,000 and 120,000 and between 250,000 and 500,000 are given in the following table:60,000-120,000250,000-500,000Number of transactions (thousand)Stamp duty ( million)Number of transactions (thousand)Stamp duty ( million)1999200069652018020000152502426020010247402930520020335203336020030419532350