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WQ.199/2023
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY M.B. ANDREWS OF ST. HELIER NORTH
QUESTION SUBMITTED ON MONDAY WEDNESDAY 10th MAY 2023 ANSWER TO BE TABLED ON WEDNESDAY 17th MAY 2023
Question
“Will the Minister advise how much stamp duty has been generated on property transactions over £5,000,000, per annum, since 2018?”
Answer
The table below shows the stamp duty generated on property transactions over £5,000,000 in the years 2018 to 2022 inclusive. The total includes transactions relating to both residential and commercial properties.
|
|
Total |
|
2018 |
£2,946,054 |
|
2019 |
£2,981,722 |
|
2020 |
£2,444,339 |
|
2021 |
£10,915,811 |
|
2022 |
£8,143,285 |
Note: The higher stamp duty bands increased in January 2019 and again in January 2021.