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22 Mar 2005 : Column 706W—continued
Private Equity Industry
Mr. Tyrie:
To ask the Chancellor of the Exchequer how he intends to differentiate between private equity houses working in collaboration, and non-collaborating
22 Mar 2005 : Column 707W
private investors as part of the recent changes to (a) transfer pricing rules and (b) loan relationship rules. [222090]
Dawn Primarolo: Whether persons act together or independently is a matter of fact to be considered in the circumstances of any particular case.
Red Diesel
Mr. Drew: To ask the Chancellor of the Exchequer if he will publish the responses to the recent consultation on red diesel use for excepted vehicles. [222977]
John Healey: This consultation has only recently closed and responses are currently being analysed. A summary of responses to the consultation will be published in due course.
Stamp Duty
Dr. Cable: To ask the Chancellor of the Exchequer if he will estimate the reduction in stamp duty yield from residential property which would result from raising the threshold at which one per cent. stamp duty starts from £120,000 to £150,000. [223264]
Mr. Timms: The estimated revenue cost in 2005–06 of restructuring stamp duty on residential property sales by raising the threshold from £120,000 to £150,000 is £210 million. This does not include any allowance for behavioural changes.
Mr. Flight: To ask the Chancellor of the Exchequer what projections he has made of revenue from stamp duty on (a) property and (b) share transactions in each of the next three financial years. [223514]
Mr. Timms: Estimated and projected revenues for total stamp taxes in 2004–05 and 2005–06 are published in table C8 of the Budget 2005 report. The breakdown between duty on land and property (stamp duty land tax) and share transactions is given in the following table:
| 2004–05 | 2005–06 | |
|---|---|---|
| Stamp duty land tax | 6.3 | 6.7 |
| Stamp taxes on shares | 2.6 | 3.0 |
Stamp Duty/Air Passenger Duty
Dr. Tonge: To ask the Chancellor of the Exchequer how much revenue was raised by (a) stamp duty on the purchase of residential properties and (b) air passenger duty on commercial flights departing from a UK airport in each tax year from 1994–95 to 2003–04. [223035]
Mr. Timms:
Stamp duty receipts from residential property transactions are given in Table 15.2 of Inland Revenue Statistics: http://www.inlandrevenue.gov.uk/stats/stamp_duty/table15_2_october04.pdf. Historic Air Passenger Duty revenue figures can be found in table2.1D of Financial Statistics published by the Office for National Statistics, a copy of which is available in the Library of the House.
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Dr. Tonge: To ask the Chancellor of the Exchequer what the expected revenue from (a) stamp duty on the purchase of residential properties and (b) air passenger duty is in 2004–05. [223036]
Mr. Timms: Stamp duties are forecast to raise £8.9billion in 2004–05.
Stamp duty Land Tax receipts from residential property for 2004–05 will be published later this year.
Air passenger duty is forecast to raise £0.9 billion in 2004–05.
Dr. Tonge: To ask the Chancellor of the Exchequer on how many purchases of residential properties stamp duty has been charged in each tax year from 1994–95 to 2003–04. [223037]
Mr. Timms: The number of residential property purchases that were charged stamp duty in England and Wales from 1994–95 to 2003–04 is estimated in the following table.
| Thousand | |
|---|---|
| 1994–05 | 445 |
| 1995–06 | 374 |
| 1996–97 | 482 |
| 1997–98 | 570 |
| 1998–99 | 589 |
| 1999–2000 | 773 |
| 2000–01 | 748 |
| 2001–02 | 866 |
| 2002–03 | 975 |
| 2003–04 | 926 |
Dr. Tonge: To ask the Chancellor of the Exchequer (1)how many passengers were exempt from paying airpassenger duty on commercial flights departing froma UK airport in each tax year from 1994–95 to 2003–04; [223038]
(2) how many passengers were charged air passenger duty on flights departing from a UK airport in each tax year from 1994–95 to 2003–04; [223039]
(3) what estimate he has made of revenue lost to the Treasury in each year from 1994–95 to 2003–04 due to the exemption from air passenger duty of transit and transfer passengers on flights departing from a UK airport. [223040]
John Healey: HM Customs and Excise does not collect figures on the number of passengers departing from UK airports who are exempt from paying the air passenger duty. It is therefore not possible to estimate the revenue loss from exempting from the air passenger duty transit and transfer passengers on flights departing from UK airports.
Historic figures on the numbers of passengers travelling in each air passenger duty category are published in the air passenger duty bulletin, a copy of which can be found on the UK trade information website www.uktradeinfo.com.
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Surplus Assets Sales
Mr. Evans: To ask the Chancellor of the Exchequer what the value of sales of surplus assets from his Department was in each year since 2000–01. [220962]
Mr. Timms: The information requested is as follows.
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See information as follows taken from the published HM Treasury's Resource Accounts refer to Schedule 4—Cash Flow Statement and associated notes:
(22)Schedule 4 does not include £3.5 million not received till 2003–04 (see schedule 1)
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