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Although ultimately proving inconclusive, MPs seemed to lean towards a tapering of the stamp duty (SDLT) holiday during a virtual House of Commons debate on the topic.
The debate took place due to a petition signed by more than 100,000 individuals, which called for a six-month extension to the stamp duty deadline in order to allow people to complete in time to take advantage of the tax relief.
No final outcome was reached during the 70-minute debate, but the expectation is that a decision will be announced in the Spring Budget on 3 March.
Elliot Colburn, a member of the petitions committee, said during his introduction that the government could put a phased and tapered winding down forward.