Amendment: Stamp Duty Land Tax (Reduction)
I beg to move amendment (a), Leave out paragraph 3.
I appreciate the contribution from the Minister. The amendment, which is supported by right hon. and hon. Friends, concerns a particular element of the proposal which is of great concern not just to me but to many Members on both sides of the House and from different parts of the country. It is, I expect, the unintended consequence of the proposal on communities already suffering under the weight of excessive second home ownership and the explosion of Airbnbs eating up the long-term rented market. There is obviously a debate to be had, which we will have next, about the proposal itself, the stamp duty cut, for which there are arguments that I fully understand. What I am concerned about is that the cut will apply to all properties, including to people buying their second, third, 22nd or 23rd home. My concern is not because I am consumed by the politics of envy, but because I am consumed with concern for my community and many others like it.