To ask Mr Chancellor of the Exchequer, how many additional residential property transactions valued between (a) £125,000.01 and £250,000, (b) £250,000.01 and £925,000, (c) £925,000.01 and £1.5 million and (d) over £1.5 million there were in London in (i) 2012, (ii) 2013, (iii) 2014, (iv) 2015 and (v) 2016; and what the total Stamp Duty Land Tax Revenue generated by those transactions was in each of those years by price band.
Answered on
21 March 2017
Annual statistics on the total number of transactions and total Stamp Duty Land Tax (SDLT) receipts by country (including England), region (including London) and local authority (including St Albans) are published by HM Revenue and Customs (HMRC) in the annual ‘UK Stamp Tax Statistics’. These publications cover the financial years from 2012-13 to 2015‑16.
https://www.gov.uk/government/statistics/uk-stamp-tax-statistics
Table 3.6 of the latest release, for 2015-16, also contains statistics broken down by the price band of the property and the region.
Statistics relating to 2016-17 are due to be published in September 2017.
The higher rate of SDLT paid on ‘additional properties’ was introduced in April 2016. An estimate of the total number of transactions and receipts from additional properties is published in HMRC’s ‘Quarterly Stamp Duty Statistics’.
https://www.gov.uk/government/statistics/quarterly-stamp-duty-statistics
Further breakdowns of the SDLT statistics, for example by alternative price bands, or by calendar year, are not readily available and could be provided only at disproportionate cost.