Private Rented Housing: Stamp Duty Land Tax
(asked on 19th July 2018) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many renting households have paid stamp duty land tax (SDLT) in each of the last five years; and how much SDLT has been paid by such households in total.
The table below provides estimates of the number of residential transactions that were liable for the leasehold rates of SDLT based on the net present value (NPV) of the rent. NPV of the rental amount for leasehold property transactions is the total rent paid over the term of the lease, discounted to take account of the time value of money. This includes transactions that where SDLT at the residential premium rates was paid on the leasehold premium value:
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| Estimates of Residential Transactions liable to SDLT on rental amounts 1 |
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| Tax year | Number of liable transactions | Value of SDLT paid (£m) |
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| 2012-13 | 2,900 |
| 11 |
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| 2013-14 | 2,900 |
| 11 |
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| 2014-15 | 3,600 |
| 14 |
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| 2015-16 | 5,200 |
| 20 |
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| 2016-17,P | 5,800 |
| 33 |
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| 1 SDLT ceased being charged in Scotland from April 2015 so figures from 2015-16 onwards are not directly comparable to earlier years | |||||
| P Provisional figures |
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