Stamp Duty Land Tax: Coronavirus

(asked on 8th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of extending the stamp duty deadline in response to delays in completions resulting from the covid-19 outbreak.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 13th January 2021

The temporary SDLT relief was designed to stimulate immediate momentum in a property market where property transactions fell by as much as 50 per cent during the COVID-19 lockdown in March. This will also support the jobs of people whose employment relies on custom from the property industry, such as retailers and tradespeople.

The Government will continue to monitor the market. However, as the relief was designed to provide an immediate stimulus to the property market, the Government does not plan to extend this relief.

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