Rishi Sunak urged to extend Stamp Duty Holiday for another six months - ‘help buyers!’

Rishi Sunak has been tasked with dealing with a number of government responses to the ongoing pandemic, since the start of his tenure as Chancellor earlier in the year. Mr Sunak has offered a number of government schemes to help those in need, and only a few months ago, announced a holiday was to be implemented on stamp duty. The Stamp Duty Holiday was implemented to offer an important tax break to Britons who are moving home in late 2020 and early 2021.

This is a bind which is faced by a number of people who have reported similarly challenging circumstances.

At the time of writing, the petition has reached 12,640 signatures, meaning the government will now have to respond to the matter. 

At 100,000 signatures, the petition will be considered for a debate in the House of Commons. 

In October, a number of industry leaders also wrote to the Chancellor expressing their concerns about the tight deadline.

Representatives from organisations such as the Mortgage Advice Bureau, PurpleBricks and the Housing Buying and Selling Group all called for the Chancellor to offer a similar six month extension.

Individuals will need to compile important documents including bank statements, valid forms of identification and an up to date proof of address.

In addition, certain information may be needed relating to the sale of a property, such as a copy of a lease if relevant, and a Gas Safety certificate.