Second Home Ownership

Part of Housing, Communities and Local Government – in the House of Commons on 20th July 2020.

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Photo of Christopher Pincher Christopher Pincher Minister of State (Housing, Communities and Local Government)

Second homes can bring significant benefits to local areas, including boosting tourism, consumer spending and investment in the local economy. However, we are aware of the need to balance this with the housing needs of local people. We have taken decisive action to address these challenges through the introduction of a stamp duty surcharge on second homes.