No stamp duty <£250k

tomterm8

Harvie wrote: »

We completed on Friday just gone...should we have known this was going to happen? Have I just made a hugely horrid mistake

No... as far as I know, it was only leaked a couple of days ago. In any case, it will probably be offset by the increases in bank fees that rumours suggest are in the pipeline.

Really2

tomterm8 wrote: »

So, you are excluded from the scheme if you've inherited a house with your brothers and sisters? Shifty.

Depends if you get the solicitors to liquidate the estate. (I don't think you have to be registered owners if you split the estate and opt for the cash to be released when assets are sold, I could be wrong but I believe you get the choice.)

boomerangs

Harvie wrote: »

I am assuming retrospective claim will be out of the question? Thanks in advance

So you think someone who bought 1 year ago should get the stamp duty back too? Or perhaps someone who bought 5 or even 10 years ago ?

ukcarper

MissMoneypenny wrote: »

Not good for those selling 300k and below as that will drop their price to £250.

I can’t believe people thanked this post if the seller offered to pay all the stamp duty it would be the equivalent of dropping price to £291k still.

1984ReturnsForReal_2

1984ReturnsForReal wrote: »

Nick Robinson is bought & paid for.

What a surprise..........

westv

I sold in 08 and am waiting to be able to buy again. Really, according to the rules, I don't benefit from this change do I?

kinglewis

I sold in 08 and am waiting to be able to buy again. Really, according to the rules, I don't benefit from this change do I?

No afraid not. Anyone that has owned any residential property anywhere in the world cannot claim the relief. Including couples where one has owned before and those that inherited property.

Of course there is the question of how it will be policed.. but you will have to sign to claim the relief (stating you have never owned a property )therefore quite clearly commiting fraud.

Doctor_Gloom

ukcarper wrote: »

I can’t believe people thanked this post if the seller offered to pay all the stamp duty it would be the equivalent of dropping price to £291k still.

Wouldn't this be illegal? Tax evasion or something?

ukcarper

No not as long as they paid it

tara747

kinglewis wrote: »

No afraid not. Anyone that has owned any residential property anywhere in the world cannot claim the relief. Including couples where one has owned before and those that inherited property.

Of course there is the question of how it will be policed.. but you will have to sign to claim the relief (stating you have never owned a property )therefore quite clearly commiting fraud.

Y'know, it's actually a shame that this only applies to *true* FTBs. If it applied to anyone who had sold their main residence more than 6 months previously, there would be a MASSIVE rush to STR for 6 months and prices would collapse!!! :rotfl: :rotfl: