Stamp duty holiday debate by MPs set to go ahead on Monday 1st Feb 2021

The property industry is to get its parliamentary debate on a stamp duty holiday extension after the Petitions Committee announced that MPs will be able to debate the popular e-petition on 1st February via a virtual debate.

This had originally thought to have been delayed after Jacob Rees-Mogg announced that the chamber in which e-petitions with more than 100,000 signatures can be debated was to be closed ‘until further notice’ due to Covid.

The stamp duty e-petition in question, which has been signed by over 125,000 people so far, asks for a six-month extension to the stamp duty holiday for homes for sale under £500,000.

It remains to be seen whether the positive economic activity resulting from this stimulus to the property market will be allowed to continue beyond 31st March.