SDLT Reduction Bill amended

The Stamp Duty Land Tax (Reduction) Bill was due to complete all remaining stages in the House of Commons on Tuesday 10 January 2023.

The following key government amendments were expected to be passed on 10 January:

• putting the SDLT threshold changes onto a temporary footing, meaning that the increased thresholds will apply only until 31 March 2025 (rather than being permanent changes, as originally intended by former Chancellor Kwarteng); and
• updating the title of the Act accordingly, so it becomes ‘Stamp Duty Land Tax (Temporary Relief) Act’.