Petition · past parliament
Permanently raise the Stamp Duty threshold to £500k for residential purchases
Rejected
11 signatures
What the petition asks
Newly released research has highlighted how many homebuyers could benefit each year should the government permanently increase the tax thresholds. The current stamp duty holiday has helped boost demand amongst homebuyers.
The archaic tax should be revised as it encourages owners to stay put.
The archaic tax should be revised as it encourages owners to stay put.
A permanent extension of stamp duty threshold could provide a fiscal surplus of £139m per year, generated by higher consumption and increased housing market activity, according to Kensington Mortgages.
Kensington's analysis shows that higher property values could lead to SDLT, LBTT, and LTT receipts generating £256 million in additional revenues each year. Combined, higher property values and transaction numbers could generate £523 million of annual revenues to the Treasury.
Kensington's analysis shows that higher property values could lead to SDLT, LBTT, and LTT receipts generating £256 million in additional revenues each year. Combined, higher property values and transaction numbers could generate £523 million of annual revenues to the Treasury.
Why it was rejected
There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.
You may wish to sign this petition calling for the same action: Raise Stamp Duty threshold to £500k for residential purchases long term
Timeline
| 17 Apr 2021 | Petition opened for signatures |
| 22 Apr 2021 | Rejected by the Petitions Committee |
Key facts
Signatures
11
Status
Rejected
Rejected
22 Apr 2021
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Source: the official petition page. Last checked 15 Jul 2026.