Are People Sad Enough To Fall For The Stamp Duty Con

tara747

mr.brown wrote: »

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?

3% - £7,500.

Mr.Brown_4

tara747 wrote: »

3% - £7,500.

So why is someone getting 7,500 pounds? And meanwhile my petrols gone up? Doesn't seem fair really.

tara747

Mr.Brown wrote: »

So why is someone getting 7,500 pounds? And meanwhile my petrols gone up? Doesn't seem fair really.

It will still be £7,500. If it sells for £249,999, otoh, it will be £0.

Catscribe

I've had this rant (below) on another thread about the stamp duty but I'll say it here too. What I'll add from having read all of your comments from above is that, yes we're taxed too much on everything and the proportion that us low and middle earners have taken out of our wage, pay in council tax and on fuel is madness - but handing over £1,300 in stamp duty from my own bank account in Feb for the pleasure of buying a modest home in which to live my life seemed very sinister and was quite saddening:

I'm a bit peeved as I bought in Feb so missed the stamp duty holiday that ended on 1 Jan and for the threshold that was put in place today. My circumstances would have qualified me to be exempt from stamp duty up to 1 Jan and from today but not between.

I'm sure there'll be no recompense for me but I'm also in the young swinging voter category as I imagine many others who bought property in Jan, Feb and early March are.
And guess where my vote is not going.

Doctor_Gloom

Catscribe wrote: »

And guess where my vote is not going.

Monster Raving Loony?

(n.b. this was a Tory policy originally)

System

Catscribe wrote: »

I've had this rant (below) on another thread about the stamp duty but I'll say it here too. What I'll add from having read all of your comments from above is that, yes we're taxed too much on everything and the proportion that us low and middle earners have taken out of our wage, pay in council tax and on fuel is madness - but handing over £1,300 in stamp duty from my own bank account in Feb for the pleasure of buying a modest home in which to live my life seemed very sinister and was quite saddening:

I'm a bit peeved as I bought in Feb so missed the stamp duty holiday that ended on 1 Jan and for the threshold that was put in place today. My circumstances would have qualified me to be exempt from stamp duty up to 1 Jan and from today but not between.

I'm sure there'll be no recompense for me but I'm also in the young swinging voter category as I imagine many others who bought property in Jan, Feb and early March are.
And guess where my vote is not going.

I'm not sure that not voting for someone out if spite because of unfortunate timing is particularly well thought out, bare in mind labour are trying to protect the value of your purchase. It scares me that people are allowed to vote with reasons like this.

molerat

Joeskeppi wrote: »

I'm not sure that not voting for someone out if spite because of unfortunate timing is particularly well thought out, bare in mind labour are trying to protect the value of your purchase. It scares me that people are allowed to vote with reasons like this.

Ha Ha Ha. The bubble of HPI needs FTBers and the bubble was deflating. All they are doing is adding a bit of fuel to the fire that keeps HPI going.

The problem is that people are not voting. That is how this shower of idiots got to where they are now.

doire_2

HAMISH_MCTAVISH wrote: »

Not the only place at all.

Quite a few places have already crossed the previous peak, many more will this year.

In most of the country, prices are within 10% of peak on average, and have risen for 10 out of the last 12 months.

The crash is history. Minor fluctuations may well remain, but it's an upwards trend from here.

Are you basing this on Haliwide figures? :rotfl:

lostinrates

I've been thinking about this over night.

It seems to me that a couple of thousand not in debt should be regarded as almost a big a ''thing'' as a couple of thousand in debt with the mounting interest.

When did ''a thousand'' or so become....not much.

I don't have that much issue with the proposal...I don't think its perfect, far from it, and none of it is applicable to me in any case, but the dismissal, by people often very aware of the worth of money, of he value of a four figure sum to a young person/couple paying a mortgage for the first time...its not a bad thingfor hose people.

Now that is not to say I think its a particularly fair tax relief/removal. and it more worryingly, with the disoganisation as raised by people of the end of the stamp duty holiday and then the period people were paying and now this, makes me feel the people in charge are attempting to fly by the seat of their pants. If not, and this was how they planned it, well, that's absolutely no more reassuring! For me, this is the bigger issue I think.

doire_2

lostinrates wrote: »

I've been thinking about this over night.

It seems to me that a couple of thousand not in debt should be regarded as almost a big a ''thing'' as a couple of thousand in debt with the mounting interest.

When did ''a thousand'' or so become....not much.

I don't have that much issue with the proposal...I don't think its perfect, far from it, and none of it is applicable to me in any case, but the dismissal, by people often very aware of the worth of money, of he value of a four figure sum to a young person/couple paying a mortgage for the first time...its not a bad thingfor hose people.

Now that is not to say I think its a particularly fair tax relief/removal. and it more worryingly, with the disoganisation as raised by people of the end of the stamp duty holiday and then the period people were paying and now this, makes me feel the people in charge are attempting to fly by the seat of their pants. If not, and this was how they planned it, well, that's absolutely no more reassuring! For me, this is the bigger issue I think.

I see what you are saying but when houses are way overpriced and will land that young coulpe with a debt which will probably weigh them down for years and years ,then 1% isnt much IMO