Skip to main content

Stamp Duties

Volume 470: debated on Friday 25 January 2008

To ask the Chancellor of the Exchequer (1) how many homes have claimed the zero rate of stamp duty on zero carbon homes in (a) 2007 and (b) 2008 to date; and if he will make a statement; (182306)

(2) what estimate he has made of the number of zero carbon houses that will qualify for stamp duty land tax relief which are currently under construction; and if he will make a statement.

Since the relief has been available in October 2007, the stamp duty land tax relief for new zero carbon homes has been claimed for six transactions. Figures are not yet available for 2008.

The tax relief will help stimulate the market for new highly efficient technologies in homes, both for the fabric of the building and in the use of microgeneration, and sets a gold standard for green homes.

No estimate has been made of the number of houses that will qualify for the stamp duty land tax relief which are currently under construction. But we expect the numbers of qualifying transactions to rise as more properties eligible to claim the relief go on the market.

The Government are committed to conducting an interim review of the relief in 2010 which will examine the effectiveness of the relief in stimulating the innovation necessary to ensure that all new homes are built to a zero-carbon standard from 2016.