Government must respond to Extend the Stamp Duty Holiday petition

Government must respond to Extend the Stamp Duty Holiday petition

11:19 AM, 3rd December 2020, About 6 months ago 4

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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.

Click Here to sign the petition

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.



Comments

by Luke P

11:47 AM, 3rd December 2020, About 6 months ago

Yeah…respond with a generic non-answer reply like most petitions these days. They’re not even forced to debate them any longer for it is ‘too easy’ to set them up in the digital age and they can’t possible have us peasants dictating the agenda!

by moneymanager

11:49 AM, 3rd December 2020, About 6 months ago

It's great for people buying/selling many properties but what about those caught in the hell of the EWS1 cock up, the only saving grace that there will be no gain left for Sunak to tax.

by TrevL

11:59 AM, 3rd December 2020, About 6 months ago

Yeh, and then at the end of the next 6 months, there will be further calls to introduce another extension.

It's just short-termism. Either retain stamp duty or abolish it. But if abolished, expect it to come from elsewhere.....CGT hike anyone?

by Badger

11:51 AM, 5th December 2020, About 5 months ago

Reply to the comment left by TrevL at 03/12/2020 - 11:59
Given how much the chancellor rakes in from this I can't see them abolishing it - especially not in the near term.


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