Rejected petition Abolish Stamp Duty Land Tax in England and Wales

After undergoing a lot of research into the origins, purpose, effectiveness, economic merits and downfalls of SDLT, the overall conclusion is that this is an outdated tax system that does not serve the Labour and Housing Markets any merit and needs to be abolished for a variety of reasons below.

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(a)SDLT creates distortions in the Labour Market as it creates a disincentive for household mobility and job relocation, and as a result people may be in a job that is not best suited to their skill set. (b) SDLT effectively is a 'barrier to entry' into the housing market, which creates inequality in home ownership between the 'haves' and 'have-nots'. (c) SDLT does not have any theoretical basis and it is an outdated pragmatic tax that is not in line with the modern real world economy.

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.

We think that this petitions is similar: https://petition.parliament.uk/petitions/185751

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

Date submitted 15 March 2017
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