In its weekly tax brief, RSM floats the prospect of potential stamp duty land tax changes, designed to shore up the housing market in England and as part of pre-election giveaways in the current chancellor’s Spring Budget. Changes could include extending the SDLT thresholds (mirroring some of the more recent relaxations), reducing rates or, somewhat more radically, introducing a temporary SDLT holiday, suggests the firm: ‘This approach, alongside offering a revised help-to-buy scheme, may be a popular move for the current government with the general public but it is also a tried and tested method already used by previous governments to successfully influence the UK housing market.’
In its weekly tax brief, RSM floats the prospect of potential stamp duty land tax changes, designed to shore up the housing market in England and as part of pre-election giveaways in the current chancellor’s Spring Budget. Changes could include extending the SDLT thresholds (mirroring some of the more recent relaxations), reducing rates or, somewhat more radically, introducing a temporary SDLT holiday, suggests the firm: ‘This approach, alongside offering a revised help-to-buy scheme, may be a popular move for the current government with the general public but it is also a tried and tested method already used by previous governments to successfully influence the UK housing market.’
