Stamp Duties: Carbon Emissions

Treasury written question – answered on 12th March 2008.

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Photo of Justine Greening Justine Greening Shadow Minister (Treasury), Vice-Chair (Youth), Conservative Party

To ask the Chancellor of the Exchequer how many homes had claimed the zero rate of stamp duty applicable to zero-carbon homes as of 7 March 2008.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

Of those transactions for which a stamp duty land tax certificate was issued in between 1 October 2007 and 29 February 2008, nine transactions claimed the stamp duty land tax relief for new zero-carbon homes. No data currently exist for March.

The tax relief will help kick-start the market for new highly efficient technologies in homes, both for the fabric of the building and in the use of microgeneration, and sets a gold standard for green homes.

We expect the numbers of qualifying transactions to rise as more properties eligible to claim the relief go on the market. For example, in December 2007 the Government announced details of 200 new homes to be built to a zero-carbon standard in Hanham Hall, near Bristol. The media release can be found at:

The Government are committed to conducting an interim review of the relief in 2010 which will examine the effectiveness of the relief in stimulating the innovation necessary to ensure that all new homes are built to a zero-carbon standard from 2016.

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