We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Stamp duty overhaul

124

Comments

  • suestew
    suestew Posts: 372 Forumite
    Part of the Furniture 100 Posts
    diddy6662009 wrote: »
    2% on 2500 so only £50 Lucky you!!

    not lucky, we exchanged earlier this year :mad:
  • 1.8T
    1.8T Posts: 15 Forumite
    Does anyone know if this new rate applies in Scotland? I know the rates here are due to change in April anyway but will these new rates apply from now till then? Fingers crossed I'm due to save about £4500!
  • BeansOnToast_2
    BeansOnToast_2 Posts: 93 Forumite
    It would have made no difference on the house we brought for £500,000 in Aug. £15,000 in both systems. However, I guess the vendors would have tried for a higher price under the new system.
  • Cissi
    Cissi Posts: 1,131 Forumite
    1.8T wrote: »
    Does anyone know if this new rate applies in Scotland? I know the rates here are due to change in April anyway but will these new rates apply from now till then? Fingers crossed I'm due to save about £4500!

    Looks like you're in luck! From the BBC website:
    "From 1 April 2015, stamp duty in Scotland is being replaced by Land and Buildings Transaction Tax (LBTT). Until that date, the new stamp duty rates will apply in Scotland too."
  • 1.8T
    1.8T Posts: 15 Forumite
    Cissi wrote: »
    Looks like you're in luck! From the BBC website:
    "From 1 April 2015, stamp duty in Scotland is being replaced by Land and Buildings Transaction Tax (LBTT). Until that date, the new stamp duty rates will apply in Scotland too."

    I saw that, I'm trying not to get carried away though, national media often forgets that things are different up here! Wouldn't be surprised if the SNP reject it as they are incapable of seeing any good coming from Westminster.
  • sofarbehind
    sofarbehind Posts: 400 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    oooh!! I will save £1130, which is fantastic.
    Mortgage overpayments 2018: £4602, 2019: £7870
    Mortgage overpayments 2020: £4620
    Mortgage 2017 £145K, June 2020 £112.6k:o
  • d0nkeyk0ng
    d0nkeyk0ng Posts: 873 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I'll be saving £4400 so am happy.
  • ToeDipper
    ToeDipper Posts: 39 Forumite
    Ninth Anniversary 10 Posts
    suestew wrote: »
    not lucky, we exchanged earlier this year :mad:

    If you exchanged before 4 December but have not yet completed then you can choose whether to use the old rules or the new ones :)

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/382324/Stamp_Duty_15.pdf
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    diddy6662009 wrote: »
    Very Frustrated. Just bought a house at 130k. I paid 1300 in SDLT. Now it works out after midnight tonight it would now only be £100!!!! what the....
    Do I feel slapped in the face. Surley you can claim this back..??anyone??

    Don't be such a chump. Can I claim back what I paid in 1980, or 2007, or ....?
    Free the dunston one next time too.
  • diddy6662009
    diddy6662009 Posts: 3 Newbie
    kidmugsy wrote: »
    Don't be such a chump. Can I claim back what I paid in 1980, or 2007, or ....?



    Chump...hardly. I have literally only just paid the duty i.e 2 months ago paying the 1% stamp duty...not 1980 2007......its about being realistic. Obviously going way back is a given, but some do offer claim backs for this sort of thing within a REASONABLE timescale. Read the post....only just paid it!!
    Would just be good but its highly unlikely given this government.....just annoying esp when its now so low..!!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture