Patrick Harvie: ...to speak for a few moments on the proposal for a cut to land and buildings transaction tax. I start from a position of accepting that, when introduced, LBTT was a modest improvement on the stamp duty tax that went before it. However, it remains a flawed system that is inefficient, creates unwelcome consequences, is not progressive and should be replaced with a more modern system of...
Sadiq Khan: Thank you for your question and you get these issues from your economic experience, but basically even though the Government has changed the order on stamp duty, which may help some people buy properties, what they are not doing is helping the developers, the construction industry, housing associations and Londoners, with new home building. Because the market has slowed down for obvious...
Baroness Grender: ...has been let down by this Government. The Housing Secretary’s promise in March, that “no renter who has lost income due to coronavirus will be forced out of their home”, has been abandoned. Stamp duty reductions have incentivised landlords to sell up, according to people contacting Generation Rent, and the housing benefit increase fell short of average rents in some areas, including...
Christopher Pincher: ...to supply chains. To support the property sector and home buyers the Government has: amended the regulations on moving home, issued guidance to help people move safely, and temporarily cut Stamp Duty Land Tax for home buyers until the end of the financial year.
Anthony Browne: To ask the Chancellor of the Exchequer, on how many occasions the exemption in relation to the multiple dwellings relief for property transactions of six or more separate dwellings FA03/S116(7) was used in 2019-20; and what estimate he has made of the revenue foregone to the public purse as a result of that relief.
Matthew Offord: To ask the Chancellor of the Exchequer, what estimate he has made of the amount of tax raised by Stamp Duty by (a) new builds and (b) established properties in each of the last five years.
Lindsay Hoyle: ...in accordance with the Royal Assent Act 1967, that Her Majesty has signified her Royal Assent to the following Acts and Measure: Supply and Appropriation (Main Estimates) Act 2020 Finance Act 2020 Stamp Duty Land Tax (Temporary Relief) Act 2020 Business and Planning Act 2020 Channel Islands Measure 2020.
The following Acts and Measure were given Royal Assent: Supply and Appropriation (Main Estimates) Act, Finance Act, Stamp Duty Land Tax (Temporary Relief) Act, Business and Planning Act, Channel Islands Measure.
Alberto Costa: To ask the Chancellor of the Exchequer, if his Department will make an assessment of the potential merits of backdating the temporary reduction in Stamp Duty Land Tax to 1 July 2020.
Sarah Olney: To ask the Chancellor of the Exchequer, whether eligibility for the increase in the stamp duty threshold (a) is extended to UK residents only and (b) includes overseas property investors.
Stuart Anderson: To ask the Chancellor of the Exchequer, whether he plans to (a) backdate the stamp duty holiday for people who have recently purchased a property and (b) provide financial support to people who have recently moved home with reduced disposable income to spend on renovations.
Christopher Pincher: ...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.
Robert Jenrick: ...with investment in housing and infrastructure and for our town and city centres. Our announced reform of use classes will help to revitalise high streets and town centres, and the Chancellor’s stamp duty cut will help many to realise their dream of owning a home.
Lord Empey: My Lords, we need to recall that, in attempting to increase revenue, by increasing tax we have in fact reduced revenue in stamp duty terms. This a lesson we need to learn for the future. I ask the Minister to look very closely at how this tax is reintroduced—not only its thresholds but the rationale for it. Simply imposing a large amount of tax does not in fact produce enough revenue for...
Stamp Duty Land Tax (Temporary Relief) Bill - Second Reading (and remaining stages)
Boris Johnson: ...or not. One day he says it is safe to go back to school. The next day he is taking the line of the unions. One day they are supporting our economic programme. The next day they are saying our stamp duty cut is an unacceptable bung. One day they are saying they accept the result of the Brexit referendum. The next day, today, they are going to tell their troops to do the exact opposite. He...
...That Standing Order 46 (No two stages of a Bill to be taken on one day) be dispensed with on Friday 17 July to allow the Finance Bill, the Supply and Appropriation (Main Estimates) Bill and the Stamp Duty Land Tax (Temporary Relief) Bill to be taken through their remaining stages that day. Motion agreed.
Gavin Robinson: To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of applying the Stamp Duty exemption retrospectively for house sales within the agreed thresholds since the start of the (a) covid-19 lockdown and (b) current financial year.
Stamp Duty Land Tax (Temporary Relief) Bill - First Reading
Jesse Norman: This Bill increases the nil rate band of stamp duty land tax from £125,000 to £500,000 from 8 July 2020 and runs until 31 March 2021. If I may, I will speak to clauses 1 and 2, and also to new clause 1 tabled in the name of the Leader of the Opposition. This Bill contains two clauses. Clause 1 provides for the thresholds at which stamp duty land tax is due on residential property to be...