Spring Budget representation to HM Treasury

Suggestions have been sent to HM Treasury on new policy ideas for both estate and letting agents to be included in 2020’s Spring Budget.

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HM Treasury invited interest groups, individuals and representative bodies to comment on government policy and/or suggest new policies for inclusion in the upcoming Budget.

Summary of our suggestions

  • Make the retail discount for business rates available to estate agents
  • Exempt downsizers from stamp duty or give them incentives to encourage them to “right-size”
  • Raise the property value for Stamp Duty Land Tax (SDLT)
  • Abolish the three per cent surcharge on additional residential property and review landlord taxes
  • Legislate to ensure developers remedy leaseholders with onerous clauses
  • Introduce a digital logbook for every property bought and sold

Read our full representation