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UK Forum
 Changes To Stamp Duty Tax, announced by UK government |
 24.4.2009, 14:28
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#1
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 Senior  Group: User Posts: 31 Joined: 6.3.2009 Member No.: 55  |
Chancellor Darling has announced the new budget recently; earlier, CML, Nationwide and other organizations called for the government to reform the stamp duty tax. Now, one of the measures announced is extension of the £175,000 threshold for stamp duty. Do you think it is good enough to help UK housing market recover? Please, share your opinions!
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25.4.2009, 17:43
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#2
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 Senior Group: User Posts: 36 Joined: 14.2.2009 Member No.: 10 |
It's better than nothing, i'd say! Is it just for the first time-buyers or for any purchase?
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14.6.2009, 9:00
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#3
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 Senior Group: User Posts: 53 Joined: 4.3.2009 Member No.: 45 |
QUOTE (elrigby @ 25.4.2009, 18:43)  It's better than nothing, i'd say! Is it just for the first time-buyers or for any purchase? As far as i can understand there is no stamp duty payable on any property (whether it's your 1st or 10th) purchased before 31 December 09. It'll be interesting to see what happens after.  |
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5.3.2010, 20:40
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#4
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New member Group: User Posts: 3 Joined: 22.2.2010 Member No.: 1193 |
Well since this post it's already changed back again so I guess you can answer your own question!!!
QUOTE (Solomon51 @ 24.4.2009, 14:28) Chancellor Darling has announced the new budget recently; earlier, CML, Nationwide and other organizations called for the government to reform the stamp duty tax. Now, one of the measures announced is extension of the £175,000 threshold for stamp duty. Do you think it is good enough to help UK housing market recover? Please, share your opinions! |
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25.3.2010, 23:47
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#5
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 Senior Group: Administrator Posts: 115 Joined: 3.3.2009 Member No.: 36 |
Seems like Mr Darling is at it again! This time its just first-time buyers who will pay no stamp duty on purchases of up to £250K. Is it fair enough? Whad do you think?
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14.4.2010, 16:40
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#6
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Senior Group: Administrator Posts: 97 Joined: 26.1.2009 From: UK Member No.: 2 |
Totally not! I can't see why he would want to differentiate at all. I think that people, escpecially solicitors, will try to find holes anyway. I think if you are applying for a mortgage, you will be classed as a first time buyers if you are currently renting. There are certain time restriction, but for example, if someone owned a house jointly with his spouse and got divorced, he will be classed as a first time buyer for a new purchase, well for mortgage anyway.
I can't see 5% being popular either. Ok, there are not that many properties around the coutry worth over £1 mln, but in London it is quite a common price tag. The last thing we need is to frighten foreign investors, who tend to buy in London. |
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| Lo-Fi Version | Time is now: 8.9.2010, 10:54 |