Reduce increased stamp duty when buying second and multiple properties

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Petition Action

Reduce increased stamp duty when buying second and multiple properties

Petition Details

If you buy a 2nd property to rent out as an investment or regular income you have to pay 3% stamp duty to £125,000 then 5% up to £150,000 then 8% when the property you buy is over £250,000. This has now made it harder or nearly impossible for people to use property as a form of income or investment.

Additional Information

And the government have no reasonable explanation as to why this this is beneficial to the general public other than the fact that they are being greedy and they yet again are fleecing people who are working hard and doing well in life. They encourage people into work and to make money for themselves rather than claim benefits and say there’s not enough houses for people. Property developers and landlords are turning derelict buildings and buildings that need work into accommodation

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