Stamp Duty Land Tax: Private Rented Housing

(asked on 13th May 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the impact of the abolition of multiple dwellings relief within stamp duty land tax on new housing supply in the private rented sector.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Shadow Financial Secretary (Treasury)
This question was answered on 20th May 2024

The abolition of Multiple Dwellings Relief follows an external evaluation which found no strong evidence that the relief is meeting its original objectives of supporting investment in residential property in the private rented sector. The evaluation can be found here: https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-multiple-dwellings-evaluation.

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