Individual Savings Accounts
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of the Lifetime ISA price threshold on prospective first-time buyers in Chichester constituency.
Answered by Lucy Rigby
Data from the latest UK House Price Index shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.
HMRC commits to publishing all research in their Annual Report and Accounts. The findings from all strands of research on the LISA will be published in due course.
The Government keeps all aspects of savings tax policy under review.
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