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Written question asked by Lord Christopher (Labour) on Tuesday, 9 December 2014, in the House of Lords. It was due for an answer on Tuesday, 23 December 2014. It was answered by Lord Deighton (Conservative) on Friday, 19 December 2014 on behalf of the Treasury.


Stamp Duty Land Tax

Question

To ask Her Majesty’s Government what assessment they have made of the effect of the changes in the rate of the stamp duty on the prices of houses worth less than £1 million.

Answer

The reform to Stamp Duty Land Tax on residential properties will have a limited impact on house prices overall and this effect will be small compared to overall fluctuations in house prices.


Secondary information

Type
Written question
Reference
HL3595
Session
2014-15
Subjects
Housing Prices Tax rates and bands Stamp duty land tax
Contains statistics
Yes
Link
View this Written question on www.parliament.uk