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unstar this property registered interest false more like this
star this property date less than 2019-05-08more like thismore than 2019-05-08
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Pensioners: Stamp Duty Land Tax more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether he has plans to exempt pensioners from Stamp Duty when they downsize their homes. more like this
star this property tabling member constituency Stevenage more like this
star this property tabling member printed
Stephen McPartland more like this
unstar this property uin 252059 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Most owners wishing to downsize are likely to have equity in their current property, and are already exempt from Capital Gains Tax on any gain made on their main residence. For most of those looking to downsize, the SDLT due on the move-in property will be small, and in most cases, it will be lower than estate agent’s fees.</p><p> </p><p>The Government therefore has no current plans for a further relief for those looking to downsize. The Government’s priority is to support first time buyers, which is why the Autumn Budget 2017 announced the introduction of First-Time Buyers’ Relief. Since its introduction, 288,300 households have benefitted from First-Time Buyers’ Relief, saving around £2,360 on average.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-05-16T15:05:16.863Zmore like thismore than 2019-05-16T15:05:16.863Z
star this property answering member
3935
unstar this property label Biography information for Mel Stride more like this
star this property tabling member
4093
star this property label Biography information for Stephen McPartland more like this