Petition Amend the new SDLT rules to include new & existing shared ownership home owners

The new SDLT rules announced in the budget allows first time buyers to avoid stamp duty for properties up to £300k. Shared ownership home owners are not due to pay stamp duty until they staircase to above 80% ownership however they are still liable to pay despite it being their first purchase.

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Shared ownership home owners can defer the stamp duty payment until over 80% of a property is owned. Shared ownership is a scheme used by many young adults to try and get onto the property ladder as a first time buyer. Stamp duty should not be payable for those who are shared ownership home owners on their purchase including when they staircase so are in a position where is needs to be paid for the first time. The new rules need to be amended to cover people in this situation.

This petition is closed This petition ran for 6 months

14 signatures

Progress of the petition towards its next target: 14 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 29 May 2018
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