Petition · past parliament · HM Treasury
Raise Stamp Duty threshold to £500k for residential purchases long term
Closed
753 signatures
What the petition asks
The current SDLT payment holiday introduced as part of the COVID-19 measures to stimulate the economy is due to end on on the 31st March 2021.
Many property professionals consider that it has created a cliff edge that will have a significant adverse impact on the sector and wider economy.
Many property professionals consider that it has created a cliff edge that will have a significant adverse impact on the sector and wider economy.
The sector is under distress with banks, HMLR, HMRC, surveyors developers and bulk providers all having significant delays and backlogs.
Transactions taking longer due to COVID.
2016 SDLT deadline created significant issues and market was functioning correctly.
Local business benefit from increased activity in the market - removal companies, trades etc.
More VAT related items purchased.
Formalising the current payment holiday will allow the sector to reconfigure.
Transactions taking longer due to COVID.
2016 SDLT deadline created significant issues and market was functioning correctly.
Local business benefit from increased activity in the market - removal companies, trades etc.
More VAT related items purchased.
Formalising the current payment holiday will allow the sector to reconfigure.
Timeline
| 11 Jan 2021 | Petition opened for signatures |
| 11 Jul 2021 | Closed to new signatures |
Key facts
Signatures
753
Status
Closed
Department
HM Treasury
Opened
11 Jan 2021
Closed
11 Jul 2021
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Source: the official petition page. Last checked 15 Jul 2026.