I am a homeowner who lived in my property for 10 years before deciding to rent it out. Like many others, I bought my house as a home, not an investment. However, circumstances change and sometimes homeowners become landlords. Now, I wish to sell this property to my tenants - the people who have made it their home.

The current tax system does not encourage such transactions. The Capital Gains Tax (CGT) levied on landlords when they sell their rental properties can be a significant financial burden that discourages selling properties directly to tenants.

We propose an amendment in the tax policy that would provide a CGT incentive when landlords sell their rental properties directly to their tenants. This could potentially benefit both parties - making housing more affordable for renters while providing financial relief for homeowners-turned-landlords.

Let's make our voices heard and advocate for policies that promote affordable housing and fair treatment of all stakeholders involved in the housing market. Sign this petition today!