Submitted on Wednesday 31st July 2019
Published on Thursday 8th August 2019
Current status: Closed
Closed: Wednesday 6th November 2019
Signatures: 13
A once only stamp duty free property downsize for the over 50's
There are not enough family sized homes for our younger generations.The property market requires a much needed boost. Expensive stamp duty rates are preventing older generations from freeing up their family sized homes. Many wish to downsize or move to a more age appropriate property but can't
Introducing a stamp duty break for over 50's property downsizers or appropriate sizers would bring many benefits. It would free up much needed family sized property, helping younger generations, reinforcing the current first-time buyer stamp duty break. It would give the property market a much needed boost. Many over 50's remain in their larger or unsuitable properties because the cost of moving is too much. A stamp duty break would enable more people to move into a more appropriate property
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