Stamp Duty Land Tax

(asked on 24th March 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether the proposed 36 month stamp duty grace period for people transitioning from one property to another will apply retrospectively.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 14th April 2016

The Government appreciates that there may be circumstances where an individual sells a property which was a main residence and then experiences a delay before purchasing a new main residence. Where an individual is replacing a main residence, the higher rates of Stamp Duty Land Tax should not apply to the purchase of a new main residence within 36 months of the disposal of a previous main residence.

In addition to this, the 36 month time period will commence from 25 November 2015 for those who had sold a previous main residence prior to the Spending Review and Autumn Statement 2015, in order to provide additional transitional support.

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