Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what her policy is on reforming stamp duty; and what representations she has received on introducing an annual tax on the capital value of primary residences.

SDLT continues to be an important source of government revenue, raising around £12 billion each year to help pay for the essential services the government provides. Any changes to taxes such as SDLT would therefore have to be carefully considered given the potential effect on public finances.

The government keeps all taxes under review as part of the usual tax policy making process.