Submitted on Sunday 13th June 2021
Rejected on Friday 18th June 2021
Current status: Rejected
Rejection code: no-action (see below for details)
Make the stamp duty holiday adjustment after 30 June 2021 less severe
Specifically alter the upcoming stamp duty zero thresholds so that the current stamp duty holiday is phased out more gently to take fairer account of efforts already made by buyers and sellers as part of the buying process which is taking much longer these days than most appreciate or understand.
Softening the proposed stamp duty holiday adjustment is essential if sales and purchases which are 90% or more towards readiness to exchange are not derailed bearing in mind that most lenders need a week's notice for funds drawdown. The proposed sharp change in stamp duty may mean lenders have to be told of the financial impact on borrowers and be asked to approve the situation causing further delay, and jeopardy in a much wider sense than is appreciated as mortgage offers near their expiry.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Petitions need to call on the Government or Parliament to take a specific action.
We're not sure exactly what you'd like the Government or Parliament to do. We understand you'd like the Stamp Duty taper to change, but we're not sure exactly what you mean by "phased out more gently", such as changes to the rates, or extensions of time periods.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
18.217.182.45 Sat, 27 Apr 2024 21:33:42 +0100
