Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the effect of recent tax changes on the supply of homes in the private rented sector.

The Government is committed to supporting the rental market.

On 23 September, the Government announced an increase in the nil-rate threshold of Stamp Duty Land Tax from £125,000 to £250,000 for all purchases of residential property. At Autumn Statement, the Chancellor announced that this measure will end on 31 March 2025 as part of the Government’s commitment to fiscal responsibility. It will remain in place until then to boost transactions by reducing the upfront costs of purchasing homes, including in the private rented sector, and support the hundreds of thousands of jobs and businesses reliant on the property industry.

The Government keeps all tax policy under review.