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Are People Sad Enough To Fall For The Stamp Duty Con

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Comments

  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    doire wrote: »
    Yes i am. Why?

    Just noticed your username... and your delightful sig. :)
    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 - £2,309.73
  • boomerangs
    boomerangs Posts: 284 Forumite
    mitchaa wrote: »
    What about those who have sold a property, moved into parents or rental for a short period and then are planning on rebuying in the near future?

    Are they classed as FTB's?
    No.

    The Budget 2010: Stamp Duty Land Tax (SDLT)

    Wednesday 24 March 2010

    The two changes to stamp duty land tax (SDLT) are:

    A two year holiday period from SDLT for first time property buyers.


    Legislation will be introduced in Finance Bill 2010 to provide a Stamp Duty Land Tax relief where:
    • an individual or individuals jointly purchase a major interest in land which is wholly residential, and
    • the consideration is more than £125,000 but not more than £250,000, and
    • that individual (or all of them) intends to occupy the property as his/her or their only or main residence and
    • has or have not previously purchased such an interest or its equivalent anywhere in the world and
    • the effective date of the transaction is on or after 25 March 2010 and before 25 March 2012.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    tara747 wrote: »
    Just noticed your username... and your delightful sig. :)

    I'll need to update it. They fell again in March.

    Hope you're being nice to those around you :D
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    doire wrote: »
    I'll need to update it. They fell again in March.

    Hope you're being nice to those around you :D

    I'm as happy as a pig in springtime!!! :j The ex-bullish homeowners among my colleagues who were exhorting me to 'buy now or miss the boat forever' 3 years ago are veeeery quiet on the subject of property these days. :rotfl:

    Yay for continuing price falls!!! :D
    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 - £2,309.73
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    mitchaa wrote: »
    What about those who have sold a property, moved into parents or rental for a short period and then are planning on rebuying in the near future?

    Are they classed as FTB's?

    You have to submit a declaration that you have never owned property to be exempt.

    No time periods or anything similar to the way the LR works it out.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    tara747 wrote: »
    I'm as happy as a pig in springtime!!! :j The ex-bullish homeowners among my colleagues who were exhorting me to 'buy now or miss the boat forever' 3 years ago are veeeery quiet on the subject of property these days. :rotfl:

    Yay for continuing price falls!!! :D


    Their silence is deafening i bet :D
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    mitchaa, where's your signature about Aberdeen house prices gone??? ;)
    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 - £2,309.73
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    doire wrote: »
    Their silence is deafening i bet :D

    :rotfl::rotfl::rotfl:
    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 - £2,309.73
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Do people really worry this is going to cause HPI?
    It has just made property slightly affordable for a few.

    Mind you, it does not take much to get some frothing ;):)
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    doire wrote: »
    Their silence is deafening i bet :D

    :rotfl::rotfl::rotfl::D
    Really2 wrote: »
    Do people really worry this is going to cause HPI?
    It has just made property slightly affordable for a few.

    Mind you, it does not take much to get some frothing ;):)

    It won't cause HPI, it will just save FTBs who were thinking of buying anyway a few £££s.
    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 - £2,309.73
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