We’ve submitted a comprehensive package of recommendations to HM Treasury ahead of the 2021 Budget, such as addressing issues in the property market.
We recommended tackling the cut-off date on 31 March 2021 for the stamp duty land tax (SDLT) holiday. Solutions could include:
- extending the holiday
- implementing tapered transition provisions for the end of the scheme, or
- introducing a grandfathering scheme for transactions which have not completed by the cut-off date.
We’ve also suggested an assessment of the expected cost of remediating buildings with unsafe cladding to make them safe. Once the full cost has been established, we’d like the government to ensure that the costs borne by long leaseholders are kept to a minimum, and ideally zero