No stamp duty <£250k

sarah_elton

Really2 wrote: »

I think after 6 months you become a FTB again (even on LR stats etc).
I am sorry to here you lost but as I said the majority have gained.

But we are still waiting for the facts yet they may scrap it all together

Indeed but fingers crossed. We are in the process of buying and are also getting married in June. A surprise £2,300 in our pockets would be rather nice! Not nice enough to make me vote Labour of course.

JayScottGreenspan

Stamp duty should be properly banded. Going form paying nothing if it sells for £174k to £1.76k if you pay £176k is ludicrous.

Imagine if income tax worked like that. You could get a pay rise and end up with a lower net salary!

camper_1982

I dont think its fair for just first time buyers. I will now need to find away to fiddle the system so i look like a first time buyer. Maybe i could sell mine, move in with parents for a week and then exchange and complete on my new house.

Why should council benefit cheats get away with everything.

Graham_Devon

camper_1982 wrote: »

Why should council benefit cheats get away with everything.

I'm not so sure this measure will help them in any way....or indeed, whether they give two hoots what's said in the budget today!

zappahey

JayScottGreenspan wrote: »

Stamp duty should be properly banded. Going form paying nothing if it sells for £174k to £1.76k if you pay £176k is ludicrous.

Or, perhaps, not banded at all.

Here in Belgium, it's a flat rate. It's 12% mind :eek:

viscione

thing is I don't reckon benefit cheats are generally buying houses

kinglewis

What if one party to a purchase is FTB and one is not?? Would they benefit?

tara747

camper_1982 wrote: »

I dont think its fair for just first time buyers. I will now need to find away to fiddle the system so i look like a first time buyer. Maybe i could sell mine, move in with parents for a week and then exchange and complete on my new house.

Why should council benefit cheats get away with everything.

????????????

JayScottGreenspan

zappahey wrote: »

Or, perhaps, not banded at all.

Here in Belgium, it's a flat rate. It's 12% mind :eek:

Bloody hell!

The problem with that, I would guess, is that people don't feel they can move very often. So you end up with a relatively immobile workforce, and people living in inappropriate houses (too big or too small) and thus making less efficient use of the housing stock.

I'm am just guessing, though.

sarah_elton

China have historically charged sellers taxes when they've owned a property for less than a fixed period (5 years IIRC) before selling, to curb property speculation.

And I'm not sure benefit cheats are buying £250k houses, though for due to a vested interest I'm in the camp that says it shouldn't strictly be applied to people who have never owned property before.