First Time Buyers: Stamp Duty Land Tax

(asked on 2nd December 2021) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what steps the Government will take to help first time buyers following the end of the stamp duty holiday.


Answered by
Christopher Pincher Portrait
Christopher Pincher
This question was answered on 10th December 2021

The Government is committed to helping make homeownership a reality, and operates a range of relevant schemes which make home ownership more affordable. For example, our new First Homes programme offers discounts of at least 30% to first time buyers and our Help to Buy scheme and Shared Ownership also offer routes into home ownership.

In 2017, the Government permanently increased the price at which a property becomes liable to Stamp Duty Land Tax (SDLT) to £300,000 for first time buyers. Over 90% of first-time buyers who pay SDLT will benefit and over 70% of first-time buyers will pay no SDLT.

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