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This petition was submitted during the 2010-2015 parliament

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Petition Stamp Duty

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£250,000 is far too low for the 3% stamp duty to start at. Average house prices in the South East are around £200,000 so the 3% stamp duty hits the lower wage earners. The threshold for the 1% to increase to 3% should be raised to £500,000. I would like the Government to fix the rate at a more realistic level of 1% right across the board as this rate would then encourage house purchases, help the building trade, DIY stores, furniture stores etc.

This petition is closed This petition ran for 12 months

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