Stamp Duty Land Tax: Coronavirus

Treasury written question – answered on 3rd February 2021.

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Photo of Daisy Cooper Daisy Cooper Liberal Democrat Spokesperson (Education)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 21 December 2020 to Question 129164, if he will extend the stamp duty holiday as a result of the extended period of lockdown causing unavoidable delays to the completion of house sales.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary, Minister for Equalities

The temporary increase in the Stamp Duty Land Tax nil rate band was designed to create immediate momentum within the property market, where property transactions fell by as much as 50 per cent during the COVID-19 lockdown in March.

The Government is closely monitoring delays in the buying process. As the relief was to provide an immediate stimulus to the property market, the Government does not plan to extend this relief.

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