Question to the HM Treasury:

To ask Her Majesty's Government whether they intend to provide favourable tax treatment for developers and builders of affordable housing, both for rent and for sale.

The government already provides tax reliefs for developers and builders of affordable housing. This includes VAT relief for the construction of new residential property and conversion of commercial property in to new housing. In addition, there are already provisions in the tax system that, subject to certain conditions, relieve transactions in land and property by registered social landlords from Stamp Duty Land Tax and Capital Gains Tax. Whilst all taxes are kept under review, there are no plans to introduce additional tax reliefs at this time.

The government is committed to increasing the supply of affordable housing, and in October announced a further £2 billion of funding for the Affordable Homes Programme, including funding for social rented homes.