Written Question
Thursday 20th July 2017
Asked by:
James Gray (Conservative - North Wiltshire)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the effect of the stamp duty levy on investment in new homes to rent out.
Answered by Mel Stride
- Shadow Chancellor of the Exchequer
The Government introduced the higher rates of stamp duty on additional properties to support home ownership and first-time buyers. It is right that people should be free to purchase a second home or invest in a buy-to-let property, but the Government is aware that this can impact on other people’s ability to get on to the property ladder.
The latest estimate for this measure’s receipts for 2016-17 is £1.6 billion, compared to an initial forecast of £0.7 billion.
Written Question
Thursday 20th July 2017
Asked by:
James Gray (Conservative - North Wiltshire)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the total income from the additional stamp duty levy on additional homes was for 2016-17; and what the total amount refunded was on the grounds of a purchaser having sold their main residence within three years of buying a new one.
Answered by Mel Stride
- Shadow Chancellor of the Exchequer
Estimated receipts from the higher rate of SDLT on ‘additional properties’ from 1 April 2016, is published in 'Quarterly Stamp Duty Statistics' Table 6.
https://www.gov.uk/government/statistics/quarterly-stamp-duty-statistics
Statistics on repayments from the higher rate of SDLT on additional properties for 2016-17 are due to be published in July 2017.
Written Question
Thursday 20th July 2017
Asked by:
James Gray (Conservative - North Wiltshire)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assumptions he made in forecasting expected revenue from the three percentage point stamp duty levy on the purchase of additional homes and homes to rent out.
Answered by Mel Stride
- Shadow Chancellor of the Exchequer
The key assumptions behind the forecast for expected revenue from the SDLT higher rates for additional properties are set out in the Spending Review and Autumn Statement 2015 policy costings:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/480565/SRAS2015_policy_costings_amended_page_25.pdf
These assumptions were updated in the Budget 2016 policy costings:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf
Speech in Westminster Hall - Wed 15 Mar 2017
Scottish Devolution and Article 50
"Order. The hon. Gentleman is entirely right: I am 100% Scottish and all of those things. However, he is quite wrong to seek to involve me in the debate, in which I have no interest or involvement whatever...."James Gray - View Speech
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Speech in Westminster Hall - Wed 15 Mar 2017
Scottish Devolution and Article 50
"Order. It may be helpful for Members to know that I intend to call the first of the three party spokespeople at 5.10 pm, and therefore we have about 15 minutes left for three speakers. If my arithmetic serves me right, that means about five minutes each. I call Ian …..."James Gray - View Speech
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Speech in Westminster Hall - Wed 15 Mar 2017
Scottish Devolution and Article 50
"Order. I am most grateful to the hon. Gentleman, but I am not in fact Sir James. It may be in the post, but it has not yet arrived...."James Gray - View Speech
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Speech in Westminster Hall - Wed 15 Mar 2017
Scottish Devolution and Article 50
"Order. There is a Division in the House. The sitting is suspended for 15 minutes, or less if Members come back earlier...."James Gray - View Speech
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Speech in Westminster Hall - Wed 15 Mar 2017
Scottish Devolution and Article 50
"I think we can assume that the hon. Member for Central Suffolk and North Ipswich (Dr Poulter) is not returning to the Chamber, or perhaps he will return in a moment. Because of the Division, the debate will finish at 5.45 pm. Therefore, if my arithmetic is right, the hon. …..."James Gray - View Speech
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Speech in Westminster Hall - Wed 15 Mar 2017
Scottish Devolution and Article 50
"You can “appear” before a judge...."James Gray - View Speech
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Speech in Commons Chamber - Mon 13 Jul 2015
Budget Resolutions and Economic Situation
"I absolutely agree with my right hon. Friend about the importance of devolving power in the way that he describes. However, he will recall that it was a Conservative Government who abolished Avon, Humberside and Cleveland—those much-hated examples of regionalisation. Will he make a commitment today that, although devolution is …..."James Gray - View Speech
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