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Housing: Insulation

Treasury written question – answered on 31st October 2019.

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Photo of Graham Brady Graham Brady Chair, Conservative Party 1922 Committee

To ask the Chancellor of the Exchequer, if he will make it his policy to exempt homeowners seeking to sell a property but who are unable to do so until unsafe cladding has been removed from the 3 per cent second home surcharge on the purchase of another property.

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

In designing the Higher Rates, the Government consulted on how best to ensure that the higher rates did not affect people moving from one main residence to another, where they disposed of the previous main residence.

The final legislation therefore ensures that where a household pays the Higher Rates but sells their previous main residence within 36 months, they will be eligible for a refund.

The Government has committed £600 million to fund the removal and replacement of unsafe aluminium composite material cladding on both social and private sector residential buildings.

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