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United Kingdom · Question · Written question

UIN 2873

First Time Buyers

answeredUnited Kingdom· UK Parliament· EN

Introduced

30 August 2024

Last action

9 September 2024 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

9 September 2024

Summary

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential (a) merits of extending First Time Buyers’ Relief after March 2025 and (b) impact of not extending First Time Buyers’ Relief after March 2025 on first time buyers.

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Timeline

  1. 30 August 2024

    Written question

    To ask the Chancellor of the Exchequer, if she will make an assessment of the potential (a) merits of extending First Time Buyers’ Relief after March 2025 and (b) impact of not extending First Time Buyers’ Relief after March 2025 on first time buyers.

    Source: Commons

  2. 9 September 2024

    Answer

    The level at which purchasers of residential property start paying Stamp Duty Land Tax (SDLT) is currently £250,000, and this is due to revert to £125,000 on 1 April 2025. For first-time buyers, the nil-rate band is currently £425,000 and the purchase pri...

    Source: Written answer

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