Submitted on Sunday 12th February 2017
Published on Monday 20th February 2017
Current status: Closed
Closed: Tuesday 2nd May 2017
Signatures: 11
Tagged with
Eliminate higher rate stamp duty for small developers restoring old properties
Currently buying and restoring an unihabitable Victorian house previously owned by elderly people who did not look after it. Will then sell it as an updated habitable property. Would pay stamp duty anyway as well as vat on costs of restoring and tax on completion. Higher rate sdlt too much.
Higher rate stamp duty is an unnecessary tax preventing developers updating and restoring homes. Can make the process unviable. We will end up having derelict properties dotted around our towns and cities which could be homes.
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3.147.51.75 Fri, 22 Nov 2024 08:06:34 +0000
