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answering body	Treasury
min answer › question first answered	2019-08-06T15:06:30.857Z
uin	HL17739
max date	2019-09-05
answer › answering member › label	Biography information for The Earl of Courtown

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registered interest

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

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answer text

answering member printed

question first answered

answering member


label

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label

1145212

registered interest

date

05/09/2019

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Stamp Duty Land Tax: Foreign Nationals

house id

legislature

25277

	pref label	House of Lords

question text

To ask Her Majesty's Government whether they intend to make an assessment of the level of investment in programmes to tackle rough sleeping that would result by imposing either (1) a one per cent stamp duty surcharge on non-resident property purchases, or (2) a three per cent stamp duty surcharge on non-resident property purchases; if so, when; and if not, why not.

tabling member printed

Lord Bird

uin

HL17739

answer

is ministerial correction

date of answer

09/09/2019

answer text

The Government announced at Budget 2018 a new Stamp Duty Land Tax (SDLT) surcharge of one per cent on non-residents buying residential property in England and Northern Ireland. This will help control house price growth and so help ensure those resident in the UK can get on the housing ladder. A costing for how much the surcharge will raise will be produced at a future fiscal event once the final design of the surcharge has been confirmed. This costing will follow the usual process for analysing the revenue impacts of new tax measures, including being subject to scrutiny from the Office for Budget Responsibility. The Government remains committed to ending rough sleeping. The Chancellor announced £54m of new funding to reduce homelessness and rough sleeping in last week’s Spending Round. This takes total resource funding to £422m next year – a real terms increase of 13%.

answering member printed

The Earl of Courtown

question first answered

09/09/2019 15:39:02

answering member

3359

	label	Biography information for The Earl of Courtown

tabling member

4564

	label	Biography information for Lord Bird