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909124
registered interest false more like this
date less than 2018-05-21more like thismore than 2018-05-21
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Shared Ownership Schemes: Stamp Duty Land Tax more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, whether a first-time buyer purchasing a shared ownership resale property qualifies for the first-time buyer relief on Stamp Duty Land Tax if they elect to pay that tax on the full value of the property rather than on the share being purchased. more like this
tabling member constituency Wimbledon more like this
tabling member printed
Stephen Hammond more like this
uin 146185 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2018-05-25more like thismore than 2018-05-25
answer text <p>The option to elect to pay Stamp Duty Land Tax (SDLT) on the full market value of shared ownership property can only be made by the first purchaser on the initial grant of a lease to them. Subsequent purchasers are not able to make an election.</p><p> </p><p>However, where there is a resale of a shared ownership property, first time buyers’ relief will be available where the purchase price is £500,000 or below.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-05-25T10:41:02.013Zmore like thismore than 2018-05-25T10:41:02.013Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
1585
label Biography information for Stephen Hammond remove filter