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Debate House Prices
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No stamp duty <£250k
potter78_2
Posts: 27 Forumite
Nick Robinson has just said on the BBC1 News that there are rumours that Alistair Darling may remove the 1% stamp duty tax band in tomorrow's budget.
If it's true, is this an attempt to prevent a second drop in the house market by the government?
If it's true, is this an attempt to prevent a second drop in the house market by the government?
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apart from government buying of housing debt ends shortly reducing lending from banks and rates can only go up:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Yawn.
Desperate.Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
Nick Robinson has just said on the BBC1 News that there are rumours that Alistair Darling may remove the 1% stamp duty tax band in tomorrow's budget.
If it's true, is this an attempt to prevent a second drop in the house market by the government?
Yes, must...... keep....... bubble....... inflated.0 -
Well that would REALLY annoy me if:
A) I had rushed to buy before stamp duty came back
I'd just bought!
To keep on messing with big taxe's such as this is just annoying. And it won't do much to prevent house prices falling.
However, it will be a massive loss of revenue to the trasury, at a time they desperately need it.0 -
Would probably have a big effect on properties up to £280 k, with people only wanting to offer up to £250,000 to pay no stamp duty.0
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It would be funny if it wasn't mentioned tomorrow, but the endless subsequent speculation about it happening post-election made every potential buyer postpone buying again. :rotfl:
Of course it is pretty maddening to think that it probably *will* be mentioned tomorrow and our taxes will be used to prop up the housing market for the 247th time.
Roll on 6 May...Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
Probably a deliberate false leak, so they can say they are not giving out goodies, but focusing on dealing with the debt.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
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What an extraordinary waste of money. The Govt is massively in debt so instead of paying that down just introduce a tax cut which will just encourage the reckless to take on more personal debt.How about a useful tax cut - e.g. raising personal allowances - instead of raising the country's indebtedness (public and private0 even more!Never forget - its housing and high house prices that got us into the banking crisis in the first place. Seems the govt are trying to make the same mistakes all over again.0
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Nick Robinson has just said on the BBC1 News that there are rumours that Alistair Darling may remove the 1% stamp duty tax band in tomorrow's budget.
If it's true, is this an attempt to prevent a second drop in the house market by the government?
It may as a secondary act help to prevent a second dip, however in reality, it's something that needs to be done to correct for the increase in house prices.
The government has increasingly been obtaining tax from properties that previously fell outwith the tax level.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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