Petition Make Stamp Duty payment flexible
Introduce Stamp Duty Land Tax payment flexibility: buyers choose between paying in full at completion or spreading the cost over 2-5 years via government-backed scheme. This could reduce upfront barriers to homeownership. Similar to other HMRC payment plans.
More details
We think the 14-day SDLT payment requirement creates affordability barriers for first-time buyers and homeowners. Buyers may have to save extra funds, on top of deposits, or increase mortgage borrowing, which could reduce purchasing power. We think short term solutions, such as temporary rate cuts create pressure for all parties in the moving process. We think a flexible payment scheme would be a sustainable solution, it would address affordability, while maintaining tax revenue, and improving housing market mobility.
14 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament