Market update

Is stamp duty changing? What the 100,000-name petition means

Published 24 July 2026 · 6 min read · By Evren Ergin

Nothing has changed yet. A public petition calling for an independent review of council tax and stamp duty closed on 23 July 2026 with 101,907 signatures, which means MPs will consider it for a Commons debate, and the rates you pay today are exactly what they were last week.

TL;DR

  • A petition calling for a full independent review of council tax and stamp duty closed on 23 July 2026 with 101,907 signatures.
  • Passing 100,000 signatures means the Petitions Committee will consider the petition for a Commons debate, and no debate has been scheduled.
  • The government responded on 13 April 2026 that the two taxes raise around £60 billion a year for public services.
  • Stamp duty rates are unchanged: a mover pays nothing up to £125,000, and a first-time buyer pays nothing up to £300,000.
A row of British terraced houses on a residential street
Photo: Evelyn Simak, Geograph / Wikimedia Commonswikimedia

What actually happened this week?

On 23 July 2026 a petition on the UK Government and Parliament petitions site closed with 101,907 signatures. It asked the government to commission a full, independent review of council tax and stamp duty. Because it passed 100,000 signatures, the Petitions Committee will consider it for a debate in the House of Commons.

Being considered for a debate is not the same as a change in the law. A petition debate is a discussion in Westminster Hall or the Commons chamber. It does not amend a tax rate, and it does not commit any minister to anything.

What did the petition ask for?

The petition made a case that both taxes are out of date. Its stated arguments were:

  • Council tax arrears have risen to £8.3 billion, with more than two million households struggling to keep up.
  • Council tax bands still rest on property valuations from the 1990s, which no longer reflect modern homes or what people can afford to pay.
  • Stamp duty is described in the petition as a narrow, one-off tax that distorts the housing market and traps families in homes that no longer suit them.

Council tax is an annual charge paid by the occupier of a home to the local council. Stamp duty land tax is a one-off tax paid by the buyer when a property purchase completes in England or Northern Ireland. Scotland and Wales run their own versions, land and buildings transaction tax and land transaction tax.

What did the government say in reply?

The government published its response on 13 April 2026, once the petition passed 10,000 signatures. It said the two taxes together raise around £60 billion a year for public services, pointed to a council tax collection rate of 95.9%, set out the reliefs already available, and described stamp duty as an efficient tax to administer and collect.

In plain terms: the government defended the current system. Nothing in that response signalled a replacement, a new rate, or a date.

What does a buyer pay in stamp duty right now?

These are the standard residential rates for someone who will own one property after the purchase. Stamp duty is charged in slices, so you pay each rate only on the part of the price that falls inside that band.

Standard residential stamp duty land tax rates, England and Northern Ireland (GOV.UK, checked 24 July 2026)

Portion of the purchase priceRate
Up to £125,0000%
£125,001 to £250,0002%
£250,001 to £925,0005%
£925,001 to £1.5 million10%
Above £1.5 million12%

First-time buyers pay nothing up to £300,000 and 5% on the portion between £300,001 and £500,000. Above a £500,000 purchase price the relief drops away and the standard rates apply.

Does any of this change my sale or purchase today?

No. A petition closing is a step in a parliamentary process, not a tax change. If you are selling, your buyer's stamp duty bill is calculated on the rates in force on the day they complete, and those rates have not moved.

  • If you are selling, the seller does not pay stamp duty at all. It is the buyer's tax.
  • If you are buying, use the current bands for your budget. Do not build a purchase around a rate that has not been announced.
  • If a buyer asks to delay in the hope of a future change, treat that the way you would treat any other request to pause: ask what they have already spent and instructed, not what they hope for.

What happens next, and when would I know?

  1. The Petitions Committee reviews petitions that pass 100,000 signatures and decides whether to schedule a debate. No date has been set for this one.
  2. If a debate is scheduled, it is published in advance on the petitions site and in the Commons order paper.
  3. Any actual change to stamp duty or council tax would come through a fiscal statement and then legislation, with its own start date. That is the point at which anything you pay would move.

A headline about a tax review is not a reason to change your timing. The rates in force on completion day are the ones that touch your sale, and nothing else does.

The wider market is steady rather than dramatic. The Office for National Statistics reported on 22 July 2026 that average UK house prices rose 2.7% in the year to May 2026, to £271,000. That is the backdrop a seller is actually pricing into, and it did not shift this week either.

Do sellers pay stamp duty?

No. Stamp duty land tax is paid by the buyer when the purchase completes. As a seller your tax question is a different one, capital gains tax, and that normally does not apply to the home you live in.

Has stamp duty changed in 2026?

No. The current thresholds have been in place since 1 April 2025 and were unchanged as at 24 July 2026. The standard nil-rate band is £125,000 and the first-time buyer threshold is £300,000.

Will the petition change council tax bands?

Not by itself. The petition asks for an independent review. Passing 100,000 signatures means the Petitions Committee will consider it for a Commons debate, and a debate does not change a band, a rate, or a valuation.

Should I wait to sell until the tax rules are reviewed?

There is no announced review, no date, and no proposal to wait for. Sellers who delay on the strength of a headline usually lose a season of buyers and gain nothing. Price on the market you can see, not on a policy that has not been written.

ValuQ gives UK homeowners free, side-by-side property valuations from competing local estate agents, so the decision about when and at what price to sell stays with the person who owns the house.

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