Stamp Duty Land Tax (1)

Meeting: 
MQT on 2017-12-14
Session date: 
December 14, 2017
Reference: 
2017/5089
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

The Office for Budget Responsibility expects the Government's relief of stamp duty land tax (SDLT) would benefit just 3,500 additional first-time buyer purchases, adding that the measure is expected to increase house prices. Are you concerned that the Government's policy will inflate London houses prices for first-time buyers?

Answer

Answer for Stamp Duty Land Tax (1)

Answer for Stamp Duty Land Tax (1)

Answered By: 
The Mayor

The OBR analysis suggests the measure may increase house prices. Anything that makes housing more difficult for first-time buyers to afford is a concern to me.