Stamp Duty Land Tax

Treasury written question – answered on 9th September 2019.

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Photo of Alberto Costa Alberto Costa Conservative, South Leicestershire

To ask the Chancellor of the Exchequer, whether the Government plans to abolish stamp duty.

Photo of Jesse Norman Jesse Norman Financial Secretary to the Treasury and Paymaster General

The Government keeps all taxes under review as part of the usual tax policy making process. Tax changes, including changes to Stamp Duty Land Tax (SDLT), are generally announced at the Autumn Budget, where decisions are taken in the round.

SDLT is an important source of government revenue, raising several billion pounds each year to help pay for essential public services. Therefore, any changes to SDLT would have to be carefully considered given the potential effect on public finances.

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