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Change payment of Stamp Duty on Property purchase to be on a sliding scale

Submitted on Sunday 31st July 2011

Published on Friday 5th August 2011

Current status: Closed

Closed: Sunday 5th August 2012

Signatures: 132

Tagged with

income tax ~ Tax

Petition Action

Change payment of Stamp Duty on Property purchase to be on a sliding scale

Additional Information

Change payment of Stamp Duty on property purchase to be on a sliding scale in the same way income tax is payed, rather than the stepped changes in force at the moment. In other words pay 1% between £125k - £250k and then 3% on the amount between £250k and £500k and 4% above £500k.
This would help to avoid distorting the market in borderline cases and make sales more fluid.


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