| answer text |
<p>The Government has already made substantial reforms to the taxation of housing.
At Autumn Statement 2014 the Government reformed SDLT on residential properties, cutting
the tax for 98 per cent of buyers who pay it, unless they are purchasing additional
property. At Autumn Budget 2017 the Government went further and introduced an SDLT
first-time buyer relief that means that 80 per cent of first-time buyers will not
pay SDLT, and 95 per cent of first-time buyers who pay SDLT will benefit from the
change.</p><p> </p><p>At the last election the Government committed to introduce an
SDLT surcharge on non-UK residents purchasing residential property in England and
Northern Ireland. This aims to help control house price inflation and the money raised
will be used to tackle rough sleeping.</p><p> </p><p>The Government will announce
further updates on all tax measures at the Budget, to be held on 11 March.</p>
|
 |
