PARLIAMENTARY WRITTEN QUESTION
Housing: Taxation (4 October 2024)
Question Asked
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of a levy on foreign ownership of residential properties.
Asked by:
Shaun Davies (Labour)
Asked by:
Shaun Davies (Labour)
Answer
Non-UK residents purchasing residential property in England or Northern Ireland currently pay a 2 percentage point Stamp Duty Land Tax (SDLT) surcharge on top of the standard residential SDLT rates.
The Government keeps all tax policy under review and would have to consider the merits of any new taxes in the round as part of a fiscal event. The Chancellor will set out her Budget on the 30th October.
Answered by:
James Murray (Labour)
14 October 2024
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