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For quite some time, GPs and consultants in Birmingham tab="yes" have expressed their frustration and concern with the pension lifetime allowance cap. I welcome the measures in the Budget last week to abolish it altogether, which will mean that we will see more GPs and consultants practising. Does my hon. Friend agree that it will also mean we will see more teachers and headteachers in the classroom and more police officers on the beat?
For quite some time, GPs and consultants in Birmingham tab="yes" have expressed their frustration and concern with the pension lifetime allowance cap. I welcome the measures in the Budget last week to abolish it altogether, which will mean that we will see more GPs and consultants practising. Does my hon. Friend agree that it will also mean we will see more teachers and headteachers in the classroom and more police officers on the beat?
My hon. Friend is absolutely right. The measure will help public servants, hospital consultants, prison governors, headteachers and senior police leaders, which is why I agree with the hon. Member for Ilford North (Wes Streeting) when he said that removing the cap would save lives and that he himself would scrap the “crazy” cap.
To ask the Chancellor of the Exchequer, with reference to HMRC Manuals CG61800 and SDLTM25510, whether it is his Department's policy that those provisions will apply to the forthcoming boundary changes under the Parliamentary Constituencies Act 2020.
To ask the Chancellor of the Exchequer, with reference to HMRC Manuals CG61800 and SDLTM25510, whether it is his Department's policy that those provisions will apply to the forthcoming boundary changes under the Parliamentary Constituencies Act 2020.
To ask the Chancellor of the Exchequer, for what reason people buying a home for the first time under the gradual homeownership model are not subject to first-time buyers Stamp Duty relief.
To ask the Chancellor of the Exchequer, for what reason people buying a home for the first time under the gradual homeownership model are not subject to first-time buyers Stamp Duty relief.
In 2017, the Government permanently increased the price at which a property becomes liable to Stamp Duty Land Tax (SDLT) to £300,000 for first time buyers. Since its introduction, over 673,000 people have benefitted from the relief.
Consumers using a product referred to as ‘gradual homeownership’ do not buy a share in a property but instead invest in a partnership along with a set of investors who are seeking a profit on that investment. This form of ownership means that the purchase does not meet the statutory conditions for relief.