Written question asked by Lord Myners (Crossbench) on Monday, 9 October 2017, in the House of Lords. It was due for an answer on Monday, 23 October 2017. It was answered by Lord Bates (Conservative) on Monday, 23 October 2017 on behalf of the Treasury.
Help to Buy Scheme
- Question
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To ask Her Majesty's Government what assessment they have made of the costs and benefits of introducing a windfall tax on the surplus profits made by house builders as a result of the Help to Buy Scheme.
- Answer
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The government has announced that the Help to Buy equity loan scheme will continue until March 2021 with an additional £10 billion of funding available. Help to Buy equity loan is intended to help people who otherwise would not be able to afford a deposit to buy a home. It is restricted to new-build properties to ensure that it also helps to drive up the number of homes being built. The programme has played an important role in supporting the housing market since 2013 and the number of homes being built has reached its highest level since 2008.
Secondary information
- Type
- Written question
- Reference
- HL1764
- Session
- 2017-19
- Subjects
- Construction Housing Profits Taxation Help to buy scheme
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2017-11-13 12:07:55 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL1764
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL1764
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL1764