Stamp Duty Land Tax

(asked on 9th July 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will take steps to make stamp duty payable on the portion of a property that each person owns according to their tax status in the next Budget.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 17th July 2018

The Government reformed Stamp Duty Land Tax on residential properties at Autumn Statement 2014, cutting the tax for 98% of people who pay it, unless they are purchasing additional property.

The Government’s priority is to support first-time buyers. At the 2017 Autumn Budget, the Government removed SDLT for all first-time buyers purchasing properties up to £300,000, with the relief also extending to purchases worth up to £500,000. These changes will help over one million households over the next 5 years.

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