1-5 of 5 results for subject:Leasehold
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To ask the Chancellor of the Exchequer, whether she has considered the merits of introducing a stamp duty relief on second home purchases by leaseholders impacted by cladding issues and remediation delays who are unable to sell their property.
To ask the Chancellor of the Exchequer, whether she has considered the merits of introducing a stamp duty relief on second home purchases by leaseholders impacted by cladding issues and remediation delays who are unable to sell their property.
A refund of the higher rate of Stamp Duty Land Tax (SDLT) paid when purchasing additional property can be claimed if an old main residence is sold within three years of the purchase of the new main residence. For most people, three years is enough time to sell a previous main residence.
However, the Government recognises that there will sometimes be exceptional circumstances, for example, where issues with cladding have delayed a sale, which are not within the control of the seller and mean that a previous main residence cannot be sold within three years, and where a refund outside of the three year period may be given. Further guidance from HMRC is available here: https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property
The Remediation Bill announced at the King’s Speech will speed up remediation for people living in homes with unsafe cladding.
To ask the Chancellor of the Exchequer, whether the Government will exempt leaseholders in unmortgageable properties from the higher rate of Stamp Duty Land Tax when purchasing alternative accommodation.
To ask the Chancellor of the Exchequer, whether the Government will exempt leaseholders in unmortgageable properties from the higher rate of Stamp Duty Land Tax when purchasing alternative accommodation.
The circumstances under which higher Stamp Duty Land Tax (SDLT) rates must be paid in respect of additional property purchases, as well as information on the availability of reliefs and refunds, is available on gov.uk: Higher rates of Stamp Duty Land Tax - GOV.UK
If the previous main home is sold or given away within three years of the purchase of the additional home, an application can be made for a refund of the higher SDLT rate part of the bill.
HMRC are able to consider exceptional circumstances and extend the period a refund is available for, if the three-year period is insufficient to sell or give away the previous main home. The Government is not considering further exemptions at this time.
To ask the Chancellor of the Exchequer, whether leasehold properties are valued for council tax based on their actual sale price or a notional assumed lease length.
To ask the Chancellor of the Exchequer, whether leasehold properties are valued for council tax based on their actual sale price or a notional assumed lease length.
The VOA values all properties for Council Tax in line with legislation.
To ask the Chancellor of the Exchequer, what methodology does the Valuation Office Agency use to calculate the difference in a dwelling’s sale price and its assessed council tax valuation value for leasehold properties with less than a 99 year lease.
To ask the Chancellor of the Exchequer, what methodology does the Valuation Office Agency use to calculate the difference in a dwelling’s sale price and its assessed council tax valuation value for leasehold properties with less than a 99 year lease.
I refer the hon member to the answer on UIN 99866, tabled on 15 December 2025.
The Valuation Office Agency values all domestic properties on the same basis and in line with legislation. Council Tax valuations are based on the value a property, offered for sale in an open market, could have been expected to meet at the antecedent valuation date (AVD), which in England is 1 April 1991 and in Wales, 1 April 2005.
To ask the Chancellor of the Exchequer, with reference to the Valuation Office Agency's Council Tax: practice notes, Basis of Valuation- Valuation Assumptions, Section 4.3: Tenure, what assessment has the Agency made of the typical difference between a sale price and a council tax valuation as a consequence of the...
To ask the Chancellor of the Exchequer, with reference to the Valuation Office Agency's Council Tax: practice notes, Basis of Valuation- Valuation Assumptions, Section 4.3: Tenure, what assessment has the Agency made of the typical difference between a sale price and a council tax valuation as a consequence of the...
I refer the hon member to the answer on UIN 99866.