Amend the law on stamp duty on your main residence when you own a second home

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Petition Action

Amend the law on stamp duty on your main residence when you own a second home

Petition Details

If you cohabit and separate and want to transfer the main residence to your sole name you have to pay 3% stamp duty on your equity share coupled with your portion of any remaining mortgage when you own a second property. This law does not apply if you are married so discriminates people cohabiting.

Additional Information

Stamp duty was paid when the house was originally purchased so how can you pay this again when you are not moving?
Why does the rule not apply if you were to sell the property?
Why does being married mean you are exempt?
The revenue state this is because you are increasing your share of property you own?
Surely the additional stamp duty should only be on the increase in market value/equity of the property over and above what you originally paid?

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