{"links":{"self":"https://preview.epetitions.website/archived/petitions/59283.json"},"data":{"type":"archived-petition","id":59283,"parliament":{"period":"2010-2015","government":"Conservative – Liberal Democrat coalition","dissolution_at":"2015-03-30T23:59:59.000+01:00","response_threshold":10000,"debate_threshold":100000},"attributes":{"action":"Stamp Duty - Axe or Update","background":null,"additional_details":"I propose that the way the Stamp Duty tax structure works when purchasing a new home is changed to a fresh-hold based taxation structure.\r\n\r\nSo when purchasing a property at a cost of £300,000 etc. the first £250,000 should be taxed at 1% and the remaining £50,000 at 3% and so on until each fresh-hold is passed.\r\n\r\nAt present once a fresh-hold is passed you must pay the relevant percentage of tax on the TOTAL purchase price. For example the tax on a house costing £250,000 would be £2500 (1%), however if I was to pay £1 more (£250,001) the tax would be £7500 (3%)?!\r\n\r\nWith my proposed structure: the tax would be £4000 (a saving of £3500) which is much more fair, the increase is not be so vast and I believe this would help inject life into the house purchase market.\r\n","committee_note":null,"state":"closed","signature_count":4,"created_at":"2014-01-15T11:03:17.000Z","updated_at":"2020-02-16T19:29:38.741Z","rejected_at":null,"opened_at":"2014-01-21T15:43:13.000Z","closed_at":"2014-07-21T14:43:13.000Z","moderation_threshold_reached_at":"2014-01-15T11:03:17.000Z","response_threshold_reached_at":null,"government_response_at":null,"debate_threshold_reached_at":null,"debate_scheduled_at":null,"scheduled_debate_date":null,"debate_outcome_at":null,"rejection":null,"government_response":null,"debate":null,"departments":[],"topics":[],"signatures_by_country":[],"signatures_by_constituency":[],"signatures_by_region":[],"other_parliamentary_business":[]}}}