Treasury written question – answered am ar 22 Hydref 2019.
Chris Ruane
Shadow Minister (Wales)
To ask the Chancellor of the exchequer, whether it is still the Government's policy to allocate taxes raised by the stamp duty surcharge on overseas property investors to fund programmes to tackle rough sleeping.
Jesse Norman
The Financial Secretary to the Treasury
At Budget 2018, the Government announced it would consult on a new Stamp Duty Land Tax (SDLT) surcharge of 1% on non-UK residents buying residential property in England and Northern Ireland.
This measure is designed to help control house price growth, and to ensure that those resident in the UK can get on the housing ladder.
The revenue raised by the surcharge will be used to tackle rough sleeping alongside the £422 million funding announced at the 2019 Spending Review, in addition to the £1.2 billion the Government committed to tackle homelessness and rough sleeping in the last Spending Review period.
The Government consulted on the surcharge earlier this year and is considering the responses.
Yes1 person thinks so
No1 person thinks not
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