What consideration it has given to granting an exemption to the Additional Dwelling Supplement on Land and Buildings Transaction Tax for th…

My December 2025-25 Budget announcement included the commitment to conduct our first five-year review of LBTT by the end of this Parliament, to support an evaluation of key aspects of the tax legislation, including the application of the ADS where exceptional circumstances and events occur.As part of this review, officials will engage a range stakeholders and members of the public on a range of general and specific relating to the LBTT and Additional Dwelling Supplement legislation.The upcoming review will in part look to build further understanding on the impact of the ADS where difficult or exceptional circumstances apply, as well as understanding any complexities and uncertainties for the tax system for accommodating any subsequent changes.The review, which will commence this coming spring, will support decisions in the next Parliament on the case for any legislative changes.