Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will reduce the stamp duty rate for first-time buyers purchasing properties above the threshold set for first-time buyers.
At Autumn Statement 2014, residential SDLT was cut for 98% of people who pay it, unless they are purchasing additional property, and at Autumn Budget 2017 the Government introduced first time buyers’ relief which has already helped over 240,000 people get onto the housing ladder.
All taxes are kept under review as part of the Budget cycle.