Petition Introduce a higher rate of capital gains tax for properties left empty for years

With low interest rates and a weak pound, foreign ownership of properties in London has sky rocketed. This has forced up prices so that most people cannot afford to buy a house. Worse still many properties are left empty for years to accumulate in value when then forces up rents elsewhere as well.

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Introducing a scaled higher rate of capital gains tax for properties left empty for the majority of the duration of ownership would incentivise owners to rent them out, thus easing the strain on the already overheated rental market.

This petition closed early because of a General Election Find out more on the Petitions Committee website

10 signatures

Progress of the petition towards its next target: 10 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 3 May 2017
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