Written question asked by Chris Ruane (Labour) on Tuesday, 22 October 2019, in the House of Commons. It was due for an answer on Monday, 28 October 2019 (named day). It was answered by Jesse Norman (Conservative) on Monday, 28 October 2019 on behalf of the Treasury.
Stamp Duty Land Tax: Foreign Nationals
- Question
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To ask the Chancellor of the Exchequer, pursuant to the Answer of 22 October 2019 to Question 1587 on Sleeping Rough, what assessment he has made of the effect of increasing the Stamp Duty Land Tax surcharge on non-UK residents buying residential property to three per cent on the prevalence of rough sleeping in (a) Northern Ireland and (b) England.
- Answer
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The Government has previously announced that the non-resident Stamp Duty Land Tax (SDLT) surcharge will be set at 1%. A costing for how much the surcharge will raise will be produced at a future fiscal event once the final design of the surcharge has been confirmed. This costing will follow the usual process for analysing the revenue impacts of new tax measures, including being subject to scrutiny from the Office for Budget Responsibility.
Secondary information
- Type
- Written question
- Reference
- 3582
- Session
- 2019-19
- Related items
- Grouped for answer
- Yes
- Subjects
- Foreign nationals Surcharges Sleeping rough Stamp duty land tax
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2020-12-01 12:02:27 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-19/3582
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