Are People Sad Enough To Fall For The Stamp Duty Con

tara747

mitchaa wrote: »

Deleted it a while ago now Tara as I sold my house and the figures now would be meaningless.

I could have harped on about the profit I made but the Aberdeen property market is getting a little tiresome for me now and thought I should give it a rest. Hamish has taken my place now:)

LOL. :rotfl: You should have left it as it was, to show how much money you *actually* made on your house.

So, did you buy again or STR? And is that why you're so interested in whether the budget SD measure affects those who have sold but are intending to buy again?

Really2

Graham_Devon wrote: »

Who are these many who are against it?

Your not speaking out of context again are you really!?

Here is one unhappy punter. But have a read through today's posts. You seem to find mine easy enough so have a good read of some others instead. .

Graham_Devon wrote: »

And suggests to keep them rising we need to exclude certain people from paying stamp duty.

"If it aint broke, don't attempt fix it", says Graham.

If it's broke, fiddle and bodge constantly until you can't possibly fix it anymore, says Darling, who denies that it's broke, but feels the need to meddle constantly to keep it floating.

Mr.Brown_4

Really2 wrote: »

Here is one unhappy punter. But have a read through today's posts. You seem to find mine easy enough so have a good read of some others instead. .

I'm not happy either Really. Because I don't see why I should subsidise other people buying houses. Leave the rules as they are, stop tinkering for political purposes.

Really2

Mr.Brown wrote: »

I'm not happy either Really. Because I don't see why I should subsidise other people buying houses. Leave the rules as they are, stop tinkering for political purposes.

Are you buying a £1M+ property are you mate? Congratulations.

Infact I say there is a chance this will bring in more funds than it gives out TBH. We have all seen the stipulations so it is hardly open to all FTBers is it.

HAMISH_MCTAVISH

Mr.Brown wrote: »

I don't see why I should subsidise other people buying houses.

You're not though, unless you're in the market for a million pound plus house.

The reduction for FTB's is paid for by increasing the rate for million pound plus houses to 5%.

It's tough to argue with this one. Lower taxes on those who cannot afford them, and increase taxes on those who obviously can.

I would obviously rather see everyones taxes lowered, but hey ho.....

Mr.Brown_4

Really2 wrote: »

Are you buying a £1M+ property are you mate? Congratulations.

Infact I say there is a chance this will bring in more funds than it gives out TBH. We have all seen the stipulations so it is hardly open to all FTBers is it.

No, I'm not buying anything. But if someone is paying less tax then that means I must be paying more tax - to make up for it. Simples.

Really2

Mr.Brown wrote: »

No, I'm not buying anything. But if someone is paying less tax then that means I must be paying more tax - to make up for it. Simples.

So what do you think of the 1% increase on £1M + properties? I think currently they make up around 40%-50% of stamp duty revenue.

Mr.Brown_4

Really2 wrote: »

So what do you think of the !% increase on £1M + properties? I think currently they make up around 40%-50% of stamp duty revenue.

I don't approve of it. Lot of tax on a million pound property, and million pound properties are becoming less exceptional these days. 50,000 tax on a million pound house? That's not exactly aspirational Labour anymore is it? Seems to me, that Labour are now into flogging the rich... on and the middle income earners... oh and the bottom income earners.

Back to point. What was the tax on 250k. 2%? 5,000 pounds. Lot of money of course, but why should someone buying a 250k house not pay tax and someone buying a million pound house pay 50,000 pounds tax?

And sorry. Back to my original point. I don't really care about the million pound house. But why, when the country needs every penny, why cut any taxes? Because any taxes that are cut means that I have to pay more somewhere - whether it is NI or petrol, etc.

Really2

Mr.Brown wrote: »

And sorry. Back to my original point. I don't really care about the million pound house. But why, when the country needs every penny, why cut any taxes? Because any taxes that are cut means that I have to pay more somewhere - whether it is NI or petrol, etc.

I think the other argument is that the country needs a fully functioning (transaction level) housing market.
Pherhaps this tiny giveaway is cheaper than feeding the banks a few Billion.

TBH I am not really that fussed as it was going to go when the tory's get in (I hope they do), so just a sligh bring forward of policy in my eyes.

Mr.Brown_4

Really2 wrote: »

I think the other argument is that the country needs a fully functioning (transaction level) housing market.
Pherhaps this tiny giveaway is cheaper than feeding the banks a few Billion.

TBH I am not really that fussed as it was going to go when the tory's get in (I hope they do), so just a sligh bring forward of policy in my eyes.

We could argue this for ever, and that is politics as well I guess. Arguably if they just stopped meddling we could all know where we stood and be able to plan and save, and maybe spend to help the country. If they hadn't upped the cider tax maybe a few cider drinkers could afford a house. Who knows.

On that point, when pubs are closing, I find it hard to believe they upped the tax at all. If they want more money and to stop binge drinking they should have put a specific tax / minimum price on supermarket booze. And give a helping hand to the pubs.