Stamp Duty Land Tax
2026-07-12 · Treasury · 18304 · Official question
Question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of abolishing Stamp Duty for downsizers in (a) Yeovil constituency (b) Somerset and (c) England.
Answer
Stamp Duty Land Tax (SDLT) continues to be an important source of Government revenue, raising around £14 billion each year to help pay for the essential services the Government provides. Abolishing SDLT in any region of the country would be likely to have...