PARLIAMENTARY WRITTEN QUESTION
Stamp Duties: Coronavirus (28 August 2020)
Question Asked
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of backdating the reduction in stamp duty to the start of the covid-19 lockdown.
Asked by:
Sir Alan Campbell (Labour)
Asked by:
Sir Alan Campbell (Labour)
Answer
The SDLT relief is intended to encourage confidence in the property market and support the wider economy. Backdating the SDLT relief retrospectively would not support this aim, and would inevitably lead to borderline cases for purchases completed at an earlier point.
Answered by:
Jesse Norman (Conservative)
8 September 2020
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.