A briefing paper on stamp duty reform published today by the House of Commons library includes concerns raised by the RLA relating to the policy.
The briefing, which you can read here, discusses the reforms to taxation of sales of residential property that have been made in recent years.
The briefing includes a reference to the RLA’s concerns about the impact of the stamp duty levy on the purchase of additional properties (introduced in April 2016).
One of the RLA’s six asks in its recent General Election manifesto was to end the stamp duty levy on additional homes where the property is adding to the net supply of housing. This includes bringing empty homes back into use, converting commercial buildings to residential, developing new properties or converting larger properties into smaller, more affordable rental properties.
- Learn more about stamp duty in our guide for landlords here.