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Stamp Duty Land Tax

Volume 486: debated on Thursday 15 January 2009

To ask the Chancellor of the Exchequer (1) how many homes have attracted the zero rate of stamp duty on zero carbon homes in each month since October 2007, broken down by stamp duty band; (248101)

(2) how much stamp duty relief has been claimed since October 2007 in relation to zero carbon home purchases.

The Government have set a deliberately stretching target that all new homes must be zero carbon by 2016. The stamp duty land tax relief (SDLT) for zero carbon homes was introduced to help kick-start 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. Few currently exist, but the purpose of the relief is to act as a signal. We have always made it clear that the SDLT relief for zero carbon homes would evolve and we expect to see more of these homes built in the future. Eighteen homes have qualified for the zero carbon homes relief since October 2007, broken down by month and stamp duty band as follows. The total amount of relief given since October 2007 is around £70,000.

Band (percentage)

1

3

4

2007

October

1

0

0

November

2

0

0

December

3

0

0

2008

January

3

0

0

February

0

0

0

March

1

0

0

April

0

0

0

May

1

1

0

June

1

0

0

July

1

0

0

August

1

0

0

September

0

0

0

October

0

1

1

November

0

0

0

December

0

0

1