Stamp Duty (Housing Market)
Debate between Lord Goldsmith of Richmond Park and David Gauke(10 years, 4 months ago)
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Zac Goldsmith
Is that work being done by the Treasury? Is the Treasury looking at how one might go about removing the slab or cliff-edge system and shifting towards a progressive system?
Mr Gauke
The Treasury keeps all taxes under review. If we look at the subject historically, there have always been challenges associated with reforming SDLT, because to do so can result in disruption to the housing market.
I thank all hon. Members who have contributed to the debate, in particular my hon. Friend the Member for St Albans. We will continue to ensure that we take every step necessary to increase the supply of good quality, affordable homes. As hon. Members might expect, we will continue to keep all taxes under review. Any decisions on future changes will be taken as part of the annual Budget process and in the context of the public finances. Having the opportunity to debate these matters has been beneficial to the House.