Scrap stamp duty relief for zero carbon homes
Stamp duty exemption for new Zero Carbon homes sounds like a good idea but…
It only applies to the first sale. Given that the vast majority of zero carbon homes are built by individuals and not by building companies stamp duty would have already been paid on the plot and there would never be a first sale.
This legislation is therefore a waste of paper as virtually no one will get the relief.
It would be more useful to give Stamp Duty relief to all Level 5 and Level 6 houses on every sale.
Why does this idea matter?
To reduce administration costs
To truly encourage the building of Level 5 and Level 6 homes