On the question of affordability and starter homes, the hon. Member for Hornsey and Wood Green (Catherine West) mentioned the average deposit in London. However, a very big cash cost for any first-time buyer—or indeed any buyer—is stamp duty. Can the Minister confirm that the stamp duty payable on a starter home would apply to the discounted price and would therefore also be 20% lower?
Housing and Planning Bill
Proceeding contribution from
James Cartlidge
(Conservative)
in the House of Commons on Tuesday, 3 May 2016.
It occurred during Debate on bills on Housing and Planning Bill.
About this proceeding contribution
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2015-16Chamber / Committee
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