Government to temporarly scrap stamp duty up to £250k?

barrybarryr

What date does this stamp duty change kick in from? We are first time buyers and we complete on 22 April 2010.

mbga9pgf

Wrong. My attitute is we have a hole in the deficit the size of the bismark, and if house prices werent so extreme, people wouldnt have problems getting on the ladder in the first place.

You are getting sold a kipper and are too stupid to realise this will get taken from you in increased VAT, income tax or other means. Thats if the banks dont increase FTB mortgage arrangement fees to compensate for the increased profit margin the chancellor has just given them the opportunity to take.

I didnt get 100K saved in the bank off a 50K salary by frittering my money away sonny jim.

markshark_2

It applies from midnight tonight.

mrsmay

mbga9pgf wrote: »

Wrong. My attitute is we have a hole in the deficit the size of the bismark, and if house prices werent so extreme, people wouldnt have problems getting on the ladder in the first place.

You are getting sold a kipper and are too stupid to realise this will get taken from you in increased VAT, income tax or other means. Thats if the banks dont increase FTB mortgage arrangement fees to compensate for the increased profit margin the chancellor has just given them the opportunity to take.

I didnt get 100K saved in the bank off a 50K salary by frittering my money away sonny jim.

Please stop trying to burst peoples bubbles it means alot to us first time buying who have struggled to save for our deposits ect, we are happy to get anything back.
At this moment I dont care if i land up paying it later another way, for now it will help no end.

James_N

mbga9pgf wrote: »

I didnt get 100K saved in the bank off a 50K salary by frittering my money away sonny jim.

The average salary in the Uk is around £25000, and that means many people get a lot less.
With £50K coming in (or if you are mathematically illiterate £50,000 (which is less) you are very well off indeed by most people's standards and can afford to be dismissive of a "mere 1%".

ParanoidAndroid_4

mbga9pgf wrote: »

I didnt get 100K saved in the bank off a 50K salary by frittering my money away sonny jim.

Bully for you.

Anyway, excellent news - pretty much made my day.

morg_monster

I am very pleased for you all! Honest! It is great news and I guess I just have to keep thinking that if we had waited until now to buy then the price of our house would have gone up, etc etc.
I will just have to concentrate on saving so I can make the most of that increased ISA allowance... drinking less cider will help with that as I'll save the 10% higher duty... and keep my fingers crossed that myself & my DH aren't among the civil servants moved outside london... Or maybe I should keep them crossed that we are? Then I can buy a cheaper house!

Cannon_Fodder

http://www.hmrc.gov.uk/budget2010/sdlt.htm

http://www.hmrc.gov.uk/budget2010/sdlt-qa-tech-1545.pdf

guinness_cat_2

James_N wrote: »

With £50K coming in (or if you are mathematically illiterate £50,000 (which is less) you are very well off indeed by most people's standards and can afford to be dismissive of a "mere 1%".

I thought that £1K = £1000.

Why would you think not - unless we're talking about bytes?

James_N

guinness_cat wrote: »

I thought that £1K = £1000.

Why would you think not - unless we're talking about bytes?

Exactly £50K = £51,200. And we are talking pounds. It's an error often made.