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Stamp Duty Land Tax

Question for HM Treasury

UIN 209975, tabled on 10 October 2014

To ask Mr Chancellor of the Exchequer, what proportion of total sales of residential properties fell below the threshold for one per cent stamp duty in (a) Esher and Walton constituency, (b) London, (c) the South East, (d) England and (e) the UK in each year since 2000.

Answered on

21 October 2014

The information requested is set out in the table below going back to 2005-06.

Prior to this point the information requested is not held in the format required and could be provided only at disproportionate cost.

The transactions counted as falling below the one per cent stamp duty threshold are all transactions where Her Majesty’s Revenue and Customs (HMRC) have received a stamp duty return. There are numerous residential property transactions that are not required to submit a return to HMRC, most notably those where the consideration is less than £40,000. The detailed reasons for non-notification can be found at the following address.

http://www.hmrc.gov.uk/sdlt/reliefs-exemptions/no-sdlt-return.htm

Please see our publication UK stamp tax statistics 2012 to 2013 to understand these tables further.

https://www.gov.uk/government/publications/uk-stamp-tax-statistics

Tables are provided in three parts:

Part A: Estimated Provisional Residential SDLT Revenue by Government Office Region and Consideration Band years 2005-06 to 2013-14 Part B: Estimated Provisional Residential SDLT Revenue for Esher and Walton Constituency by Consideration Band for years 2005-06 to 2013-14 Part C: Percentage of SDLT returns under £125,000 for Esher and Walton Constituency and Government Office Region for years 2005-06 to 2013-14

Part A: Estimated Provisional Residential SDLT Revenue by Government Office Region and Consideration Band years 2005-06 to 2013-14:

This data represents estimates that have been produced for this Parliamentary Question. The data has been rounded to the nearest £5million. As such, the sum of the individual entries may not be equal to the “all” totals given in the table but the “all” totals remain consistent with the published National Statistics.

2013-14

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

95

605

2720

South East

165

545

1385

England

780

2,050

6,130

UK

880

2,205

6,450

2012-13

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

85

465

2020

South East

135

415

1080

England

615

1,565

4,650

UK

690

1,675

4,905

2011-12

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

50

420

1,640

South East

105

375

940

England

475

1,440

3,985

UK

545

1,560

4,220

2010-11

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

50

380

1,345

South East

105

400

955

England

475

1,470

3,790

UK

540

1,575

4,040

2009-10

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

65

320

1,035

South East

100

350

810

England

405

1,275

3,080

UK

450

1,365

3,290

2008-09

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

65

260

870

South East

100

270

680

England

440

1,035

2,680

UK

505

1,155

2,950

2007-08

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

155

650

1,895

South East

235

635

1,505

England

1,125

2,460

6,050

UK

1,280

2,740

6,680

2006-07

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

210

645

1,795

South East

270

630

1,450

England

1,285

2,430

5,850

UK

1,455

2,660

6,375

2005-06

Region

£125,001-£250,000

£250,001-£500,000

All Bands Total

London

190

475

1,275

South East

235

455

1,055

England

1,080

1,745

4,240

UK

1,175

1,910

4,585

Part B: Estimated Provisional Residential SDLT Revenue for Esher and Walton Constituency by Consideration Band for years 2005-06 to 2013-14

This data represents estimates that have been produced for this Parliamentary Question. The data for individual bands has been rounded to the nearest £1million. The data for All Bands has been rounded to the nearest £5million. As such, the sum of the individual entries may not be equal to the “all” totals given in the table but the “all” totals remain consistent with the published National Statistics.

Year

£120,001-250,000

£250,001-500,000

All Bands Total

2005-06

2

11

37

2006-07

2

14

55

2007-08

1

13

59

2008-09

1

6

28

2009-10

1

8

35

2010-11

1

8

38

2011-12

1

8

40

2012-13

1

9

56

2013-14

1

11

81

Part C: Estimated Percentage of SDLT returns under £125,000 for Esher and Walton Constituency and Government Office Region for years 2005-06 to 2013-14

This data represents estimates that have been produced for this Parliamentary Question. Data for individual areas given to the nearest percentage point.

Year

Esher and Walton

London

South East

England

2005-06

10%

23%

25%

42%

2006-07

8%

20%

21%

36%

2007-08

10%

20%

20%

34%

2008-09

11%

25%

25%

40%

2009-10

8%

17%

20%

35%

2010-11

8%

15%

18%

32%

2011-12

8%

13%

18%

32%

2012-13

7%

14%

17%

33%

2013-14

7%

12%

15%

30%

Answered by

Treasury
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