asked the Minister for Finance the rate of stamp duty charged on sales of houses; and the total revenue derived therefrom.
Written Answers. - House Sales Stamp Duty.
253.
Stamp duty is charged on the conveyance or transfer on sale of lands and buildings at the following rates on the consideration or price paid for the property:
|
Amount exceeding |
and not exceeding |
Duty |
|
£ |
£ |
£ |
|
— |
1,000 |
Nil |
|
1,000 |
2,000 |
25p per £50 or part of £50 |
|
2,000 |
6,000 |
50p per £50 or part of £50 |
|
6,000 |
6,250 |
£70 |
|
6,250 |
6,500 |
£80 |
|
6,500 |
6,750 |
£90 |
|
6,750 |
7,000 |
£100 |
|
7,000 |
7,250 |
£110 |
|
7,250 |
7,500 |
£120 |
|
7,500 |
10,000 |
£1 per £50 or part of £50 |
|
10,000 |
20,000 |
£1.50 per £50 or part of £50 |
|
20,000 |
50,000 |
£2 per £50 or part of £50 |
|
50,000 |
£3 per £50 or part of £50 |
The receipts under this head in the year ended 31 December 1980 totalled £36.7 million. Statistics relating to these receipts are not classified in a manner that would indicate how much of this £37 million was accounted for by the duty on house transfers.