Robert Neill
Main Page: Robert Neill (Conservative - Bromley and Chislehurst)Department Debates - View all Robert Neill's debates with the HM Treasury
(7 years, 5 months ago)
Commons ChamberThe right hon. Gentleman will have to wait until next week to find out what my proposals are, but let me be clear that we have no plans for further welfare reforms in this Parliament. However, the reforms that we have already legislated for must be delivered, and Parliament’s original intent in legislating for those reforms has to be ensured.
It is worth noting that the SDLT reforms in the 2014 autumn statement reduced the tax for the vast majority of homebuyers and that all transactions up to £937,000 now pay the same or less in SDLT. As a London MP, I am obviously aware of the phenomenon to which my hon. Friend refers, but from the available data we do not yet have a clear consensus on the market impact of the higher rates of SDLT for additional residential properties or those at the upper end. We will continue to look carefully at that.