PARLIAMENTARY WRITTEN QUESTION
Stamp Duty Land Tax (2 September 2019)
Question Asked
To ask the Chancellor of the Exchequer, whether the Government plans to abolish stamp duty.
Asked by:
Alberto Costa (Conservative)
Asked by:
Alberto Costa (Conservative)
Answer
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.
Answered by:
Jesse Norman (Conservative)
9 September 2019
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