Shared Ownership Schemes: Stamp Duty Land Tax — Written Question

Question

Mike Martin

Liberal Democrat — Tunbridge Wells

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reviewing the Stamp Duty Land Tax rules for shared ownership properties, particularly the requirement for first-time buyers to pay SDLT when staircasing abov

Answer

Dan Tomlinson

The Government already offers flexibility when SDLT is due on transactions relating to shared ownership properties. When a shared ownership lease is first granted, the purchaser can choose to either pay SDLT on the market value of the property, in which c...

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