Review of relief for first-time buyers

Finance (No. 2) Bill – in the House of Commons at 11:00 pm on 18th December 2017.

Alert me about debates like this

Votes in this debate

“(1) The Commissioners of Her Majesty’s Revenue and Customs shall undertake a review of the impact of the relief for first-time buyers introduced in Schedule 6ZA to FA 2003.

(2) The review shall consider, in particular, the effects of the relief on—

(a) the public revenue,

(b) house prices, and

(c) the supply of housing.

(3) The Chancellor of the Exchequer must lay a copy of a report of the review under this section before the House of Commons no later than one calendar week prior to the date which he has set for his Autumn 2018 Budget Statement.”—(Jonathan Reynolds.)

This new clause requires a review to be published prior to the Autumn 2018 Budget on the impact of the relief for first-time buyers, including its effects on house prices and on the supply of housing.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

The House divided:

Ayes 226, Noes 313.

Division number 76 Finance (No. 2) Bill — Review of relief for first-time buyers

Aye: 226 MPs

No: 312 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Question accordingly negatived.

To report progress and ask leave to sit again.—(Graham Stuart.)

The Deputy Speaker resumed the Chair.

Progress reported; Committee to sit again tomorrow.