To ask Her Majesty's Government what plans they have, if any, to reconsider the scheduled end of the Stamp Duty holiday on 31 March 2021.
Answered on
5 January 2021
The temporary SDLT relief was designed to create immediate momentum in a property market where property transactions fell by as much as 50 per cent during the COVID-19 lockdown in March. This measure will also support the jobs of people whose employment relies on custom from the property industry, such as retailers and tradespeople.
The Government will continue to monitor the market. However, as the relief was designed to provide an immediate stimulus to the property market, the Government does not plan to extend this relief.
Answered by
Treasury