B

Baroness Taylor of Stevenage (Lab)

Speaking in the House of Lords on 9 March 2026

Debate

Stamp Duty: Periodic Tenancies

Contribution

I want to reassure tenants and landlords that very few tenants will be affected by this in the first year. A tenancy must have extremely high rents or have been running for a very long time under the previous system to even approach the stamp duty threshold in the first year. HMRC’s assessment is that this will be a very small number of cases. We intend to ensure that even in those rare instances, tenants do not face a stamp duty land tax charge as a result of these reforms. We will work with HMRC to make sure that clear and accessible guidance is available for both tenants and landlords.

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