P-05-1139 Extend stamp duty relief following the announcement of a further lockdown
P-05-1139 Extend stamp duty relief following the announcement of a further lockdown
P-05-1139 Extend stamp duty relief following the
announcement of a further lockdown
This
petition was submitted by Andrew Oliver, having collected a total of 79
signatures.
Text of Petition:
With the boost to the
economy and increase seen in property transactions since the stamp duty holiday
was implemented in Wales, an extension to this relief by tapering the end date
would avoid a property cliff edge likely to be seen should we see an abrupt end
to the relief support. Maybe the welsh government could consider that the
relief could apply to any transactions where exchange of contracts took place
prior to March 31st 2021 to allow any intended transactions to complete and
benefit.
Status
This petition was considered completed by the Petitions Committee at its meeting on 02/03/2021.
The Committee considered the petition for the first time and
agreed, in light of the Minister’s re-statement of the current deadline of 31
March and the imminent end of this Senedd, that there is no further action that
the Committee could take at this point. The Committee therefore agreed to close
the petition and thank the petitioner.
Nb. Shortly following the meeting the Welsh Government announced that an extension to the Land Transaction Tax (LTT) temporary tax reduction period for transactions that complete from 1 April 2021 to 30 June 2021, following a similar decision taken in England as part the UK Government’s budget announcement.
Full details of the consideration of this petitions by the
committee and related documents can be seen on the Meetings tab above.
It was first considered by the Petitions Committee on 02/03/2021.
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Business type: Petition
Reason considered: Senedd Business;
Status: Complete
First published: 24/02/2021