Chancellor of the Exchequer’s Economic Update

Part of the debate – in the Scottish Parliament on 9th July 2020.

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Photo of Graham Simpson Graham Simpson Conservative

The change to the starting rate on LBTT is to be welcomed as far as it goes. However, delaying the implementation of the change means that people will not buy and sell houses until it comes in. Can the cabinet secretary at least give an indication of when the change will come in? Will it be this month, next month or the month after? The market needs to know.