Steve McCabe – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Steve McCabe on 2016-03-21.

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 22 February 2016 to Question 26995, what steps he has taken to support people who have moved home because of flooding and are unable to sell their primary home within the 18-month eligibility period for refund of stamp duty.

Mr David Gauke

The Government has doubled the eligibility period from 18 to 36 months for refunds from the higher rates of SDLT if purchasers move home before selling their main residence. The Government believes that the longer period of time is fairer to purchasers who may, due to circumstances beyond their control, be unable to sell a previous main residence within 18 months.