Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether first time buyers on Share to Buy schemes can access the reduction in stamp duty announced in the Autumn Budget 2017.
Relief for first time buyers is available for shared ownership schemes in respect of the grant of a shared ownership lease on which the buyer has opted to be taxed on the market value of the property.
Where market value treatment does not apply or has not been opted for, relief for first time buyers is not available in respect of shared ownership schemes.