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3% Stamp Duty

Hi all

Havent posted on here for a while so dont know if this has been discussed already.

Anyway, here goes....

Whats the general consensus on Mr Brown increasing the 3% Stamp Duty threshold from £250k to something higher in todays budget!!!:confused:

Anyone have any ideas.....
Debt at highest (November 2005) = £35,856

Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p

Comments

  • wnb
    wnb Posts: 73 Forumite
    Fat chance.
  • Horasio
    Horasio Posts: 6,676 Forumite
    Part of the Furniture Combo Breaker
    I agree but it would help as so many places are over that price now
    An average day in my life:hello: :eek::mad: :coffee::coffee::coffee::T :o :rotfl: :rotfl: :p :eek::mad: :beer:
    I am no expert in property but have lived in many types of homes, in many locations and can only talk from experience.
  • wnb
    wnb Posts: 73 Forumite
    CCStar wrote: »
    I agree but it would help as so many places are over that price now

    It would help a lot of people but the only ppl who are gonna come out trumps tomorrow are those on benefits. Ppl like me who are already bled dry by labour will be worse off tomorrow.
  • scope
    scope Posts: 764 Forumite
    Part of the Furniture Combo Breaker
    wnb wrote: »
    It would help a lot of people but the only ppl who are gonna come out trumps tomorrow are those on benefits. Ppl like me will be who are already bled dry by labour will be worse off tomorrow.

    I agree 100%.. The way this country is ran I am surprised anybody can be bothered to work. Why should people who actually work have to pay for everything, while the ones who cant be bothered (ok, some of them can, but) get everything paid for? (house, nursery, council tax, you name it).

    I know several people who cant afford to get a job - they would be WORSE off than what they are without a job.
  • nmiah786
    nmiah786 Posts: 577 Forumite
    Slim chance then.....actually no chance of a increase in threshold then!!!
    Debt at highest (November 2005) = £35,856

    Debt currently (August 2006) = £20,790
    &More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

    Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
    2nd Interim Goal = £15,000, Target October 2006
    Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p
  • ashcarrot
    ashcarrot Posts: 651 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Shouldn't people be less worried about inheritance tax level and stamp duty and be more concerned about fixing the root cause which is a over inflated housing market which the BoE has admitted being half their fault for ramping to prevent a recession. An announcement of more houses built per year and a warning that houses are over priced and due to collapse would be much better in my eyes. If stamp duty rises isn't house prices going to rise too to fill the gap where they've currently been faultering under the 3% threshold.
    Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....
  • ashcarrot
    ashcarrot Posts: 651 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    wnb wrote: »
    It would help a lot of people but the only ppl who are gonna come out trumps tomorrow are those on benefits. Ppl like me who are already bled dry by labour will be worse off tomorrow.

    And I totally agree, I would like them to remove the 40% margin on interest so that my savings (towards a house) isn't actually depreciating in real terms rather than building (along with a lack of paperwork needed) but theres no chance of that.
    Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....
  • adr0ck
    adr0ck Posts: 2,376 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    what a labour government with a scottish chancellor reduce taxes?

    hahahahahahahahahahahahahahahahahahahhahah
This discussion has been closed.
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