Petition REDUCE STAMP DUTY TO REVIVE THE HOUSING MARKET

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The high cost of stamp duty is crippling an already struggling housing market. Property prices have soared in the last 10 years, yet the stamp duty rates have remained virtually unchanged.

Buying a home is made unachievable for most, especially in cities like London, due to the need for large deposits and unfair stamp duty demands.

This has an overall effect on the economy. If people are not moving home, then they don’t buy new furniture, employ tradesmen to decorate and renovate etc.

Stamp duty MUST be reduced to kick start the housing market and economy.

This petition is closed This petition ran for 6 months

9 signatures

Progress of the petition towards its next target: 9 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 22 November 2012
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