CA responds to Government consultation on Stamp Duty

The CA has contributed to an important HM Treasury consultation on higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties. The higher rates of SDLT are part of the Government’s commitment to supporting home ownership, and an exemption for those making investments in residential property is being considered, given the role of this investment in supporting the Government’s housing agenda. The Government will consider all responses before confirming the final policy in the Budget on 16 March 2016.

This is another example of the CA continuing to be a leading voice for industry and seeking to influence the Government on the issues that affect the day-to-day work of conveyancing professionals. The response was formulated following a period of consultation with the full CA membership, and a discussion at January’s Management Committee meeting. Many thanks to all those members who contributed their insights, thoughts and feedback on the response.

Further information on the consultation can be found here, and a copy of the CA’s response can be read here.