Introduce a new secondary property tax

Closed 105 signatures

What the petition asks

Charge property owners a tax, 5-10% of the property value, paid yearly to the local council (10-20% for non UK owners). This tax would not apply if this is the owner's primary residence or if the property is rented out at the social rent (as per the government's formula for social rent).

Housing is a finite resource. We believe it has become prioritised as a financial asset and a passive income source above providing affordable homes. We believe sky high rental markets and high prices for first time buyers are crippling people's disposable income (as rent/mortgages are the major proportion of most people's outgoings) with knock on effects on the economy.

We think this tax would incentivise such assets to provide social rentals or council income.

Timeline

3 Jun 2025	Petition opened for signatures
3 Dec 2025	Closed to new signatures

Key facts

Signatures 105

Status Closed

Department HM Treasury

Opened 3 Jun 2025

Closed 3 Dec 2025

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