Make the stamp duty holiday adjustment after 30 June 2021 less severe

Rejected 10 signatures

What the petition asks

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.

Why it was rejected

It was not clear what the petition asked the UK Government or Parliament to do.

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.

Timeline

13 Jun 2021	Petition opened for signatures
18 Jun 2021	Rejected by the Petitions Committee

Key facts

Signatures 10

Status Rejected

Rejected 18 Jun 2021

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