This petition was submitted during the 2010-2015 parliament
Petition Make stamp duty on house purchases progressive
More details
At the moment a house bought for £250,000 falls into the 3% stamp duty bracket and would cost the purchaser £7,500. A purchase for £249,999 falls in the 1% bracket and would only cost £2499.99. This skews the market and leaves homes in the £250,000 to £275,000 price bracket very difficult to sell. Making stamp duty progressive would drop the additional cost to the buyer of a £275,000 house from £8,250 to £3,250 making it much more affordable. It would also be fairer. I would like the government to make stamp duty on house purchases progressive in the same way that income tax is.
This petition is closed This petition ran for 12 months
92 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response