TaxPersonal TaxStamp duty relief extended

Stamp duty relief extended

Chief secretary to the Treasury Andrew Smith has announced a boost for social housing with a measure that will ensure more transfers of local authority housing to registered social landlords will benefit from new stamp duty relief.

Transfers of housing taking place after 21 March will benefit from the new clause, tabled for the report stage of the Finance Bill. This will apply whether or not the social landlords concerned are constituted as charities.

Bringing forward the extension of the stamp duty relief to the earliest possible date after the Budget announcement will help local authorities making transfers between 22 March and the day the Finance Bill receives Royal Assent.

Inland Revenue press release

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