Thursday, 19 August 2021

Stamp Duty Land Tax – Parliamentary Written Answer

Lord Taylor of Warwick: To ask Her Majesty's Government what plans they have, if any, to extend the stamp duty holiday; and if they do have such plans, what assessment they have made of the impact of an extension on the benefits to local economies.

Lord Agnew of Oulton: The Government does not plan to extend the SDLT holiday. The SDLT holiday was a temporary measure introduced in July 2020 to create immediate momentum in the property market, supporting jobs in the industry. The £500,000 threshold was stepped down to £250,000 on 1 July 2021 and will return to the normal level of £125,000 on 1 October 2021.

http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Lords/2021-07-20/HL2244 

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