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Government to temporarly scrap stamp duty up to £250k?
Comments
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This has made my day ... we are in the process of buying our first home and with todays announcement it will really help us. We will now be able to buy furniture for the bedroom ... Yay
Well done
Goal - We want to be mortgages free :j
I Quit Smoking March 2010 :T0 -
Well I am upset. What about those people trading up from shoe box houses or flats? This tax break does not apply to them! All this policy does is to encourage more first time buyers to take out even bigger mortgages for even bigger asking prices as sellers gobble up the decreased costs and add it to their asking prices. A desperate budget from a desperate government which encouraged house prices to rocket out of control in the first place.0
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This has made my day ... we are in the process of buying our first home and with todays announcement it will really help us. We will now be able to buy furniture for the bedroom ... Yay
Well done
Gordon buys another voter...... exactly what this was designed to do. I hope sincerely that many don't fall for this.0 -
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Ouch, just going through a FTB purchase for £262,500 - stamp duty feels even more painful than it did.
I would be pulling out, that is one seriously big tax bill!!!! :eek: What stage are you at?MiserlyMartin wrote: »Well I am upset. What about those people trading up from shoe box houses or flats? This tax break does not apply to them! All this policy does is to encourage more first time buyers to take out even bigger mortgages for even bigger asking prices as sellers gobble up the decreased costs and add it to their asking prices. A desperate budget from a desperate government which encouraged house prices to rocket out of control in the first place.
I'll tell you what it will do. Read up on what the FTB SD exemption (up to €317,500) did in Ireland. It killed the starter home/flat market stone dead. How will that happen here? It will encourage FTBs to consider their first purchase VERY carefully in the next two years, save some more and buy a long term home rather than an 'inbetween' place. So shoebox flats will be even more worthless than they were before today.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 -
Didn't think I needed any more encouragement, but you never knowI'll tell you what it will do. Read up on what the FTB SD exemption (up to €317,500) did in Ireland. It killed the starter home/flat market stone dead. How will that happen here? It will encourage FTBs to consider their first purchase VERY carefully in the next two years, save some more and buy a long term home rather than an 'inbetween' place. So shoebox flats will be even more worthless than they were before today. 0 -
Got my confirmation through on the weekend that I'm exempt from stamp duty, woo!
I know it's nothing to mbga, but to me that's a damn nice TV and sound system now paid for - thanks Mr Darling
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That's great news blizeH!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
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