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Geoff001
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13-08-2019, 03:08 PM
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Stamp Duty break for over 50's. Petition.

Hi, I've read a number of news outlet articles recently regarding a growing will amongst potential home movers for the UK Government to give over 50s property downsizers a stamp duty tax break. This would then give the property market a boost, help the over 50s move to a more life stage appropriate property whilst also freeing up larger homes for younger families. This would reinforce the current first time buyer stamp duty break and really help get things heading in the right direction.

Only a few days ago I had an official UK Government petition published which I hope will grow support and lead to further debate and hopefully implementation of such a stamp duty break. The link web address to my petition is below. I wondered if anyone would want to support my petition ? If not, no problem

Kind regards

Geoff

Dear Geoff,
We published the petition you created A once only stamp duty free property downsize for the over 50's
Click this link to see your petition and start sharing it:
[url]https://petition.parliament.uk/petitions/268768

Petition: A once only stamp duty free property downsize for the over 50's
There are not enough family sized homes for our younger generations. The property market requires a much needed boost. Expensive stamp duty rates are preventing older generations from freeing up their family sized homes. Many wish to downsize or move to a more age appropriate property but can't
petition.parliament.uk
Thanks,
The Petitions team
UK Government and Pa
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Geoff001
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13-08-2019, 03:13 PM
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Re: Stamp Duty break for over 50's. Petition.

Hi. The full petition wording can be seen on https://petition.parliament.uk/petitions/268768

Many thanks. Geoff.
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Yesterday, 12:08 PM
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Re: Stamp Duty break for over 50's. Petition.

It is the under 50s who need a stamp duty break, not the over 50s, many of whom are better off than the younger generation apparently.
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Yesterday, 08:32 PM
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Re: Stamp Duty break for over 50's. Petition.

I read somewhere this week-end that there is a proposal to apply the stamp duty on houses to the seller rather than the buyer. IMO that will make folks think twice about moving and it could make a complete mess up of the available housing market.
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The Artful Todger
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Today, 08:22 AM
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Re: Stamp Duty break for over 50's. Petition.

All it will do is to inflate house prices. It's kindergarten economics let alone economics 101.
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