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Written question asked by Baroness Debbonaire (Labour) on Friday, 24 February 2023, in the House of Commons. It was due for an answer on Tuesday, 28 February 2023. It was answered by Victoria Atkins (Conservative) on Wednesday, 1 March 2023 on behalf of the Treasury.


Stamp Duty Land Tax

Question

To ask the Chancellor of the Exchequer, pursuant to the Answer of 20 February 2022 to Question 142738 on Stamp Duty Land Tax, if he will make an assessment of the potential impact of applying the discount up front on the number of properties homebuyers will have to choose from.

Answer

Stamp Duty Land Tax (SDLT) is a transaction tax and becomes payable at the time a property is purchased. The tax has to be able to apply in a range of different situations.

The Government has no plans at present to change the SDLT higher rates exceptional circumstances provisions, but it keeps all tax policy under review.


Secondary information

Type
Written question
Reference
152181
Session
2022-23
Related items
Stamp Duty Land Tax
Monday, 20 February 2023
Written questions
House of Commons
Subjects
Buildings Insulation Repayments Stamp duty land tax
Link
View this Written question on www.parliament.uk