Stamp Duty Land Tax

Treasury written question – answered on 25th June 2014.

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Photo of Dame Cheryl Gillan Dame Cheryl Gillan Conservative, Chesham and Amersham

To ask the Chancellor of the Exchequer if he will bring forward proposals to offer a stamp duty holiday to people who will be required to sell their property and purchase another as a result of High Speed 2.

Photo of David Gauke David Gauke The Exchequer Secretary

The Government announced in April an extensive compensation and assistance package for property owners close to the route of HS2.

There is no separate treatment of SDLT for individuals purchasing a property after their property has been compulsorily purchased by a public body.

However, owner occupiers within the ‘surface safeguarded area’ and those who are eligible for the Express Purchase scheme will be entitled to reasonable moving costs, including surveyors’ fees, legal fees and stamp duty land tax on a replacement property of similar value.

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