Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if his Department will make an assessment of the potential merits of backdating the temporary reduction in Stamp Duty Land Tax to 1 July 2020.
To boost the housing market and confidence, the Government has decided to cut Stamp Duty Land Tax (SDLT) by temporarily increasing the nil band rate of SDLT to £500,000. This applies from 8 July 2020 to 31 March 2021 and will not be backdated
Property sales which have exchanged but not yet completed will still be eligible to take advantage of the Stamp Duty holiday.