First Time Buyers: West Dorset
Commons · Question 24777 · Tabled 17 Jan 2025 · Treasury · Official record
Answered 27 Jan 2025
Question
Asked by Edward Morello
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of reducing the stamp duty tax-free threshold for first-time buyers on rural housing affordability in West Dorset constituency.
Answer
Answered by James Murray, 27 Jan 2025
In September 2022, the previous government announced a change to the level at which purchasers of residential property start paying Stamp Duty Land Tax (SDLT), from £125,000 to £250,000. This change was made temporary in November 2022, and the rate will r...