Stamp Duty Land Tax: Coronavirus

(asked on 13th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of the July 2020 stamp duty holiday on the housing market; and if he will make a statement.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 18th January 2021

The SDLT holiday was designed to create an immediate boost in housing transactions. In April 2020, during the peak of the first lockdown, transactions fell by more than 50% on the month before.

The number of property transactions has increased each month since then and, according to the latest data from HMRC, in November 2020 there were 13% more transactions than in November 2019.

Officials are monitoring the housing market closely.

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