Government must respond to Extend the Stamp Duty Holiday petitionMake Text Bigger
A petition to extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021 has now reached the 10,000 signature threshold where the government must officially respond. This response is expected in the next 3 days.
The Chancellor Rishi Sunak has been under pressures from all sides of the Housing Market to extend the holiday and avoid a cliff-edge that is pinching completions into a compressed deadline with an estimated 325,000 existing agreed purchases that may not happen before this date.
Jonathan Steel who created the petition wrote:
“Extending the Stamp Duty Holiday for an additional 6 months will assist many buyers who are looking to move to a property that they will not be able to afford otherwise. This will help to stabilise the housing market.
“I am looking to move into a new build which is currently due to complete at the start of March 2021. If this build is delayed past 31st March 2021 then I will not be able to afford the stamp duty so will not be able to afford the house.”
At 100,000 signatures this must then be considered for debate in Parliament.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.