New stamp duty rules
- Thread starter Dr House
- Start date
Caporegime
About blinkin' time.
Hey, George got something right! Huh, who'd thought it.
Hey, George got something right! Huh, who'd thought it.
Woo hoo, just about to buy my first house and that's going to save me £1.5k. Think i'll put that towards a 4k tv
why not save it and save up to clear your mortgage earlier ?
Soldato
Shock as "Autumn Statement" months before a general election tries to appeal to the masses. The Stamp Duty changes are good but should have, and could have, been done ages ago.
Still it appears that whilst this may get some Conservative votes there are still people deluded enough to vote UKIP in a General Election (and complain about Labour financial policy in the same breath)
Still it appears that whilst this may get some Conservative votes there are still people deluded enough to vote UKIP in a General Election (and complain about Labour financial policy in the same breath)
Says the bloke who gets angry and upset in Football over a "Liverpool" win, poor hull. I win this one G|mp
No more replies from me as I'm not voting conservatives this year however much they try to sweeten the votes before an election.
Eh?
I rarely post in the SA. Where as I quite often see you whining about all sorts
Soldato
The threshold was £125k before, so that hasn't changed.
Associate
Political opinions aside, the old system was utterly utterly stupid and it can only be a good thing that its been changed.
(NerveAgent, homeowner around the £250k mark, for today
)We're looking to sell and buy in the next few months, so it'll save us around £3,500. Also, I think it gives a bit of negotiating power back to the sellers as houses will be priced fairer as opposed to those having to lower their asking price due to unnecessary stamp duty penalties.
Finally, if I had a choice to make between an increase at the higher end of the stamp duty and a mansion tax, the stamp duty wins hands down
Sensible move by the government and well-times for me!
Finally, if I had a choice to make between an increase at the higher end of the stamp duty and a mansion tax, the stamp duty wins hands down
Sensible move by the government and well-times for me!
Soldato
Political opinions aside, the old system was utterly utterly stupid and it can only be a good thing that its been changed.
(NerveAgent, homeowner around the £250k mark, for today
Yes it was. The timing of this announcement is nothing but political shenanigans though.
So are you all voting conservatives now then? Good luck because you will be screwed after election if they get in again
How so?
So far I'm better off under conservatives than I was under labour.
Soldato
It saves you around 5 grand mate. That's pretty good
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Shock as LordSplodge whinges and moans about government.
Soldato
Comes into effect in April (2015)
Caporegime
The overhaul does seem good, but let's not forget the tax is an absolute disgrace to begin with.
Caporegime
Why?
Caporegime
Why wouldn't it be? Complete shadow tax that quite literally shouldn't exist.
Introduced, what, 300 years ago to fund the war on France? Yet still lingers around like a turd that won't flush.
One of the biggest problems were the thresholds, and the way they were tiered, and that's thankfully being fixed but it doesn't escape from the fact that stamp duty is a joke.
Edit: Took me a little while to find an article I read a while ago, but here it is. Says it better than I ever could;
http://www.mortgagestrategy.co.uk/n...stealth-tax-of-all-stamp-duty/1029419.article
Last edited:
Caporegime
Well one way to look at it, if a property (for whatever reason) gets sold 3 times over the course of a year, the government gets 3 payouts for doing absolutely nothing.
Soldato
Going to get quite a few phone calls tomorrow from people who completed in the last few days asking if there is anything we can do... Fantastic.
Great change though!
Great change though!