Rejected petition Make Stamp Duty Land Tax (SDLT) payable by the house SELLER not the BUYER.

The SDLT is currently payable by the buyer of the property who as a consequence requires significantly more starting capital. Removing this burden from the buyer will allow significantly more first time buyers to enter the market and make it easier for existing owners to move up the ladder.

More details

http://www.bbc.co.uk/news/business

As argued by Andrew McPhillips, Yorkshire Building Society's Chief Economist - the current SDLT model is simply not fit for purpose.

As a first time buyer myself, I have already lost two homes as we couldn't afford the SDLT, though we had more than a large enough deposit and income to afford a 90% LTV mortgage.

Help us change this for the new generations.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

https://petition.parliament.uk/petitions/178577

We only reject petitions that don’t meet the petition standards.

Date submitted 4 March 2017
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