Christopher Chope – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Christopher Chope on 2016-02-04.

To ask Mr Chancellor of the Exchequer, whether his Department plans to put measures in place to provide that the proposed higher rate stamp duty land tax will not apply when a purchaser who owns more than one property is replacing a main residence.

Mr David Gauke

The Government intends that a purchaser who is replacing a main residence (even if owning more than one property) will not be subject to the higher rates of SDLT on purchases of additional properties. A consultation has recently concluded on the higher rates and the final policy design will be confirmed at Budget 2016.