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Debate House Prices
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No stamp duty <£250k
Comments
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IveSeenTheLight wrote: »
The government has increasingly been obtaining tax from properties that previously fell outwith the tax level.
It's always entertaining to see people complain about fiscal drag re personal allowances, etc, in one thread, and then laud it when it relates to house purchase expenditure in another thread.
Increasing it to 250K would help a great number of primarily FTB's. It boggles the mind that posters on a money saving site would be against such a measure.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Can they afford to do that??0
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Can they afford to do that??
The government is full of taking from one hand and giving in another.
The recent petrol price increases is an example of their taking. How much are they generating from this? Remember there is another 3p increase on April 01st:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
HAMISH_MCTAVISH wrote: ». It boggles the mind that posters on a money saving site would be against such a measure.
Personally it boggles my mind that on a money saving site you are so pleased every time house prices increase so making it more expensive for people to purchase!0 -
HAMISH_MCTAVISH wrote: »It boggles the mind that posters on a money saving site would be against such a measure.
I'll tell you why I'm against it Hamish, my concerns are two-fold.
First, whether you are a bull or a bear, you have to admit that the housing market is volatile at the moment. Introducing a stamp duty holiday (and it is very likely to be a temporary rather than permanent measure) would purely store up problems in the market for when the measure is removed.
Second, we can't afford to introduce such tax breaks when we need to rein in spending.
It's just an attempt to buy votes IMO.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Great news for anyone looking to buy and FTBers.
There can be no argument it lowers any buyers cost (under £250K) by 1%.
Can't see why anyone wanting houses to be more affordable would say this is a bad thing as it is a housing cost.
In reality it brings hardly anything in in the way of cash to the government so I dare say it could be funded by raising tax else where or cutting costs.
You never know they might put it on the sellers costs instead.
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vivatifosi wrote: »Introducing a stamp duty holiday (and it is very likely to be a temporary rather than permanent measure) would purely store up problems in the market for when the measure is removed.
The thing is, it shouldn't be a temporary measure.
Stamp duty has become detached from house prices in terms of the percentage of properties it affects.
A stamp duty threshold rise should be permanent and would assist FTBers:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
HAMISH_MCTAVISH wrote: »
Increasing it to 250K would help a great number of primarily FTB's. It boggles the mind that posters on a money saving site would be against such a measure.
If they were cutting taxes, why not shave employers NI and help create more jobs, or trim Corporation tax and entice more business to start in the UK.
Why bother doing something sensible when you can throw a truffle to a smallish band of people.
Oink Oink.US housing: it's not a bubble
Moneyweek, December 20050 -
As long as its not a holiday and permanent thing then its good news. As we are now seeing it look like the holiday just encouraged those who would have bought this to buy last year and has done nothing really to stimulate the market in the long run.0
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kennyboy66 wrote: »If they were cutting taxes, why not shave employers NI and help create more jobs, or trim Corporation tax and entice more business to start in the UK.
Why bother doing something sensible when you can throw a truffle to a smallish band of people.
Oink Oink.
I think it is one of the tory policies though. So it is going to happen anyway, just that the torys will not be able to plug it for the election fight.
(Well they can say that labour stole their idea)
http://www.conservatives.com/Policy/Where_we_stand/Economy.aspxTaking 9 out of 10 first-time buyers out of stamp duty by raising their threshold to £250,000.
So it is Labour bringing forward Tory policy.
(PS I agree they need to do something on small business Tax also though as that has risen sharply under labour.)0
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