Clean Growth Plan could see stamp duty incentive for homeowners

From BBC - October 12, 2017

Stamp duty may be changed to encourage people to make their homes more energy efficient, with better insulation.

Energy minister Claire Perry told the BBC householders would face "carrots and sticks" to prompt them into saving on heating bills and carbon emissions.

It is part of a scheme by ministers to get about a million homes a year renovated for the next two decades.

The government will fail to meet its climate change laws unless it can reduce emissions from heating houses.

The proposals are part of the government's long-delayed Clean Growth Plan, being published on Thursday.

Home emissions

A recent report called for radical policies to incentivise home owners - such as fining people who sell cold, draughty homes, or introducing a variable stamp duty to reward those who have insulated their homes and punish those who have not.

The point of sale of a house is seen as the best time to undertake improvements that many people find costly and disruptive.

When asked whether the government was considering such changes, Ms Perry told the BBC Radio 4's Today programme that they were under discussion.

She added: "It's more likely that a home where insulation has been put in would attract a higher value, because the running cost of that home over the lifetime of ownership would be lower."

Carbon cuts


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