Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to (a) backdate the stamp duty holiday for people who have recently purchased a property and (b) provide financial support to people who have recently moved home with reduced disposable income to spend on renovations.

To boost the housing market and confidence, the Government has decided to cut Stamp Duty Land Tax (SDLT) by temporarily increasing the nil band rate of SDLT to £500,000. This applies from 8 July 2020 to 31 March 2021 and will not be backdated.

Property sales which have exchanged but not yet completed will still be eligible to take advantage of the Stamp Duty holiday.

The Government has also confirmed a range of other housing announcements, including a new £2bn ‘Green Homes Grant’ for homeowners and landlords.