motion_title: Commencement: 35. Stamp duty land tax (additional dwellings: purchases  before 1 April 2025)
motion_text: Question put,
  That—
  (1) Section 1 of the Stamp Duty Land Tax (Temporary Relief) Act 2023 (which provides for reduced rates of stamp duty land tax for transactions before 1 April 2025) is amended as follows.
  (2) In subsection (3) (which deals with purchases of additional dwellings), for the Table A mentioned there substitute—
  | Part of relevant consideration                             | Percentage   |
  |:-----------------------------------------------------------|:-------------|
  | So much as does not exceed  £250,000                       | 5%           |
  | So much as exceeds £250,000 but does not exceed £925,000   | 10%          |
  | So much as exceeds £925,000 but does not exceed £1,500,000 | 15%          |
  | The remainder (if any)                                     | 17%”.        |
  (3) The amendment made by this Resolution has effect in relation to land transactions the effective date of which falls on or after 31 October 2024 but before 1 April 2025.
  (4) But the amendment made by this Resolution does not have effect in relation to a land transaction which—
  (a) is effected in pursuance of a contract entered into before 31 October 2024, and
  (b) is not excluded.
  (5) For this purpose a land transaction is excluded if—
  (a) there is any variation of the contract, or assignment of rights under the contract, on or after 31 October 2024,
  (b) the transaction is effected in consequence of the exercise on or after that date of any option, right of pre-emption or similar right, or
  (c) on or after that date, there is an assignment, subsale or other transaction relating to the whole or part of the subject-matter of the contract as a result of which a person other than the purchaser under the contract becomes entitled to call for a conveyance.
  (6) In consequence of the provision made by the preceding paragraphs, the Stamp Duty Land Tax (Temporary Relief) Act 2020 is amended as follows.
  (7) In section 1 (reduced rates of SDLT in relation to land transactions the effective date of which falls in the period beginning with 8 July 2020 and ending with 30 June 2021)—
  (a) in subsection (6) (which provides an exception from section 44(8) of the Finance Act 2003 where the contract is completed after 30 June 2021), for the words from “that the modifications” to the end substitute “the reason given by subsection (6A)”, and
  (b) after subsection (6) insert—
  “(6A) For this purpose, the sole reason is either—
  (a) that the modifications made by this section have no effect in relation to that conveyance, or
  (b) that both paragraph (a) applies and the increased rates provided for by Resolution 35 of the House of Commons (stamp duty land tax (additional dwellings: purchases before 1 April 2025)) would have had effect in relation to that conveyance.”
  (8) In section 1A (reduced rates of SDLT in relation to land transactions the effective date of which falls in the period beginning with 1 July 2021 and ending with 30 September 2021)—
  (a) in subsection (5) (which provides an exception from section 44(8) of the Finance Act 2003 where the contract is completed after 30 September 2021), for the words from “that the modifications” to the end substitute “the reason given by subsection (5A)”, and
  (b) after subsection (5) insert—
  “(5A) For this purpose, the sole reason is either—
  (a) that the modifications made by this section have no effect in relation to that conveyance, or
  (b) that both paragraph (a) applies and the increased rates provided for by Resolution 35 of the House of Commons (stamp duty land tax (additional dwellings: purchases before 1 April 2025)) would have had effect in relation to that conveyance.”
  (9) In a case where—
  (a) as a result of section 44(4) of the Finance Act 2003 the effective date of a land transaction is before 31 October 2024, and
  (b) the contract concerned is completed by a conveyance on or after that date, section 44(8) of that Act is not to apply in relation to that conveyance if the sole reason that (but for this paragraph) it would have applied is that the increased rates provided for by this Resolution would have had effect in relation to that conveyance.
  (10) Section 44(10) of the Finance Act 2003 applies for the purposes of paragraph (9).