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93107
registered interest false more like this
date less than 2014-10-14more like thismore than 2014-10-14
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Stamp Duty Land Tax more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what research his Department has undertaken or commissioned into the effects of changes in the level of Stamp Duty Land Tax on the number of property transactions completed between 2005-06 and 2013-14. more like this
tabling member constituency St Albans more like this
tabling member printed
Mrs Anne Main more like this
uin 210339 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-20more like thismore than 2014-10-20
answer text The fiscal effect of raising the Stamp Duty Land Tax threshold is likely to be a reduction in SDLT receipts as fewer property transactions will be charged SDLT. A HMRC publication for Budget 2014 <em>(‘Direct Effects of Illustrative Tax Changes’, </em>19 March 2014) found that an increase in the £125,000 threshold by £5,000 would cost £35 million in its first year and £40 million subsequently.<p> </p><p> </p><p> </p><p>Published research was undertaken by HMRC examining the impact of a first-time buyer’s relief that was in place between 2010 and 2012 (‘<em>Evaluating the Impact of Stamp Duty Land Tax First Time Buyers Relief</em>’, November 2011). It found that there was a substantial deadweight effect as many of the property transactions would have taken place anyway. The estimated increase in the number of transactions as a result of the introduction of the relief was between 0-1%.</p><p> </p><p><strong> </strong></p><p> </p> more like this
answering member constituency South West Hertfordshire more like this
answering member printed Mr David Gauke more like this
grouped question UIN 210340 more like this
question first answered
less than 2014-10-20T15:00:26.6402956Zmore like thismore than 2014-10-20T15:00:26.6402956Z
answering member
1529
label Biography information for Mr David Gauke more like this
tabling member
1568
label Biography information for Mrs Anne Main more like this