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752424
star this property registered interest false more like this
star this property date less than 2017-07-17more like thismore than 2017-07-17
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text Her Majesty's Government what was (1) the total income raised from the stamp duty levy on additional homes, and (2) the total amount refunded because a purchaser sold their main residence within three years of buying a new one, in 2016-17. more like this
star this property tabling member printed
Lord Flight remove filter
star this property uin HL870 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-07-27more like thismore than 2017-07-27
star this property answer text The total income raised from the higher rate of Stamp Duty Land Tax (SDLT) on additional homes for 2016-17 was £1,643m. This is the revenue from the additional 3% element only and therefore excludes the revenue from the main rates of SDLT on these properties.<p> </p><p>Statistics on repayments from the higher rate of SDLT on additional properties for 2016-17 are due to be published in July 2017.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2017-07-27T08:52:27.637Zmore like thismore than 2017-07-27T08:52:27.637Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4211
star this property label Biography information for Lord Flight more like this
752425
star this property registered interest false more like this
star this property date less than 2017-07-17more like thismore than 2017-07-17
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text Her Majesty's Government what assumptions they made in forecasting expected revenue from the three percentage point stamp duty levy on the purchase of additional homes and homes available for rent. more like this
star this property tabling member printed
Lord Flight remove filter
star this property uin HL871 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-07-27more like thismore than 2017-07-27
star this property answer text The key assumptions behind the forecast for expected revenue from the Stamp Duty Land Tax (SDLT) higher rates for additional properties are as set out in the Spending Review and Autumn Statement 2015 and Budget 2016 policy costings. The tax base was estimated by combining price and volumes data from the Council of Mortgage Lenders, Census 2011 and administrative data from SDLT and Council Tax. The tax base was projected to grow over the forecast period in line with the OBR Autumn Statement 2015 forecasts for residential SDLT, residential transactions and average house prices. The costing also accounted for a behavioural response. At Budget 2016 the size of the tax base was re-estimated by the OBR using HM Revenue and Customs administrative data from SDLT returns. more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2017-07-27T08:54:59.177Zmore like thismore than 2017-07-27T08:54:59.177Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4211
star this property label Biography information for Lord Flight more like this
752423
star this property registered interest false more like this
star this property date less than 2017-07-17more like thismore than 2017-07-17
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text Her Majesty's Government what assessment they have made of the impact of the stamp duty levy on investment in new homes available for rent. more like this
star this property tabling member printed
Lord Flight remove filter
star this property uin HL869 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-07-24more like thismore than 2017-07-24
star this property answer text <p>The Government introduced the higher rates of stamp duty on additional properties to support home ownership and first-time buyers. It is right that people should be free to purchase a second home or invest in a buy-to-let property, but the Government is aware that this can impact on other people’s ability to get on to the property ladder.</p><p> </p><p>The latest estimate for this measure’s receipts for 2016-17 is £1.6 billion, compared to an initial forecast of £0.7 billion.</p><p> </p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2017-07-24T14:34:10.867Zmore like thismore than 2017-07-24T14:34:10.867Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4211
star this property label Biography information for Lord Flight more like this