Her Majesty's Government what was (1) the total income raised from the stamp duty levy on additional homes, and (2) the total amount refunded because a purchaser sold their main residence within three years of buying a new one, in 2016-17.
Answered on
27 July 2017
The total income raised from the higher rate of Stamp Duty Land Tax (SDLT) on additional homes for 2016-17 was £1,643m. This is the revenue from the additional 3% element only and therefore excludes the revenue from the main rates of SDLT on these properties.
Statistics on repayments from the higher rate of SDLT on additional properties for 2016-17 are due to be published in July 2017.
Answered by
Treasury