Stamp Duty Land Tax
(asked on 2nd September 2019) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the Government plans to abolish stamp duty.
This question was answered on 9th September 2019
The Government keeps all taxes under review as part of the usual tax policy making process. Tax changes, including changes to Stamp Duty Land Tax (SDLT), are generally announced at the Autumn Budget, where decisions are taken in the round.
SDLT is an important source of government revenue, raising several billion pounds each year to help pay for essential public services. Therefore, any changes to SDLT would have to be carefully considered given the potential effect on public finances.