PARLIAMENTARY WRITTEN QUESTION
Stamp Duty Land Tax (9 December 2020)

To ask the Chancellor of the Exchequer, whether he has plans in place to support sellers who miss the deadline for stamp duty relief as a result of buyers unexpectedly withdrawing from a property transaction.

Asked by:
Darren Jones (Labour)

The temporary relief was designed to stimulate immediate momentum in a property market where property transactions fell by as much as 50 per cent during the COVID-19 lockdown in March. This momentum in the property market will also support the jobs of people whose employment relies on custom from the property industry, such as retailers and tradespeople.

The Government will continue to monitor the market. As the relief was designed to provide an immediate stimulus to the property market, the Government does not plan to extend this relief.

Answered by:
Jesse Norman (Conservative)
18 December 2020