To ask the Chancellor of the Exchequer, how much has been accrued to the public purse as a result of the introduction of anti-avoidance measures in relation to Stamp Duty Land Tax since 2011.

Stamp Duty Land Tax (SDLT) legislation was introduced with effect from 21 March 2012 to address the enveloping of high value residential property in corporate wrappers. In addition, from 1April 2013 the Government introduced the Annual Tax on Enveloped Dwellings (ATED). The table attached shows the annual revenue from the 15% rate of SDLT and ATED between 2012/13 and 2017/18.

Separately, legislation was introduced with effect from 24 March 2011 and 21 March 2013 to tackle avoidance schemes involving the sub-sale rules, provisions on exchanges of property and Alternative Property Finance relief.

Since these measures were introduced there have been no further iterations of these schemes. They have therefore been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.