First Time Buyers: Stamp Duty Land Tax

(asked on 21st December 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what his Department's estimate is of the annual loss of revenue from the changes to the level of stamp duty for first time buyers; and what the regional distribution of that loss is.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 11th January 2018

The cost of changes to Stamp Duty Land Tax for First Time Buyers is set out in Table 2.1 on page 28 of the Autumn Budget 2017 documentation.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/661480/autumn_budget_2017_web.pdf

The cost of the relief includes the impact of the Scottish fiscal framework and, from April, the Welsh fiscal framework. Figures are not available on a regional basis.

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