text_body: --- DIVISION TITLE ---
  
  Finance (No. 2) Bill - New Clause 4 - Review of Stamp Duty Reductions for First-Time Buyers
  
  --- MOTION EFFECT ---
  
  @ MP voted aye for a review of reductions in stamp duty for first time buyers.
  @ MP voted no against a review of reductions in stamp duty for first time buyers.
  
  The majority of MPs voted against a review of reductions in stamp duty for first time buyers which meant nothing is payable on the first Â£300,000 of a transaction of up to Â£500,000.  
  
  MPs were considering the Finance Bill[1].
  
  The proposed new clause rejected in this vote was titled: '''' and stated:
  
  :â(1) The Commissioners of Her Majestyâs Revenue and Customs shall undertake a review of the impact of the relief for first-time buyers introduced in Schedule 6ZA to FA 2003.
  
  :(2) The review shall consider, in particular, the effects of the relief onâ
  
  :(a) the public revenue,
  
  :(b) house prices, and
  
  :(c) the supply of housing.
  
  :(3) The Chancellor of the Exchequer must lay a copy of a report of the review under this section before the House of Commons no later than one calendar week prior to the date which he has set for his Autumn 2018 Budget Statement.â
  
  
  The "relief" referred to is the reduction in stamp duty land tax for some first time buyers provided for via [https://www.theyworkforyou.com/debates/?id=2017-11-28b.287.0 Budget Resolution 36].   
  
  The rejected new clause was accompanied by the following explanatory note: 
  
  :This new clause requires a review to be published prior to the Autumn 2018 Budget on the impact of the relief for first-time buyers, including its effects on house prices and on the supply of housing.
  
  
  ==
  
  * [1] [https://services.parliament.uk/bills/2017-19/finance.html Parliament's webpage on the Finance Bill 2017-19]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  