Petition A once only stamp duty free property downsize for the over 50's

There are not enough family sized homes for our younger generations.The property market requires a much needed boost. Expensive stamp duty rates are preventing older generations from freeing up their family sized homes. Many wish to downsize or move to a more age appropriate property but can't

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Introducing a stamp duty break for over 50's property downsizers or appropriate sizers would bring many benefits. It would free up much needed family sized property, helping younger generations, reinforcing the current first-time buyer stamp duty break. It would give the property market a much needed boost. Many over 50's remain in their larger or unsuitable properties because the cost of moving is too much. A stamp duty break would enable more people to move into a more appropriate property

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

13 signatures

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10,000

Date closed 6 November 2019
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