Stamp Duties

HM Treasury written question – answered on 16th December 2014.

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Photo of Hilary Benn Hilary Benn Shadow Secretary of State for Communities and Local Government

To ask Mr Chancellor of the Exchequer, what assessment he has made of the likely effects of stamp duty reform on (a) house prices and (b) housing supply.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

The reform to Stamp Duty Land Tax on residential properties will have a limited impact on house prices overall, though this effect will be small compared to overall fluctuations in house prices. The reform is not expected to have a significant direct effect on housing supply.

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