Massive stamp duty changes!! In place midnight tonight

yarimelf

jane9450 wrote: »

Same here
Completed last Friday so would have saved us around £2k

we need to raise our voice and they should return whatever we paid extra!!!

TrixA

pinkteapot wrote: »

Lower tax in London would only make the problem there worse. The prices have become ridiculous in the last few years. The rates of growth seen are completely unsustainable. The London market needs cooling and lower rates would have the opposite effect.

I said a different system, not lower rates. I would favour some sort of land value tax levied on people who already own property rather than a tax on purchases. Stamp duty penalises FTBs and discourages people from downsizing.

bazzyb

yarimelf wrote: »

I am in the exactly same situation with you, completed last Friday so lost 1500. This is really unfair! Why they don't announce this early enough so we could have waited. We need to raise our voice I think and start a sensible debate about this.

...and if they had announced it earlier we would have the people who had completed just before the earlier announcement saying exactly the same thing as you!

You haven't lost anything - it's no different to buying something at full price and then finding out a week later it's been reduced in a sale. You knew initially what you were paying and agreed to it.

Shalee

Me too, completed in last 2 weeks and could have delayed to save £4,500. They normally give notice on this type of change to apply from a certain date, income tax, pension changes etc. simply wrong!

mumbles87

Sorry I disagree with anyone who says they should have given pre warning and its unfair. Its not you knew exactly what you were going to pay in stamp duty. I budgeted to buy a 300k house and set aside 9k for stamp duty (which was stupidly high but the agreed amount) yesterday has come as a nice bonus and a welcome one but if we had missed it yes we would be gutted but at the same time we choose to move. If anything this is fairer than any other way because nobody knew it was coming so people couldnt plan to sell after the date and ruin the housing market.

nubbins

yarimelf wrote: »

we need to raise our voice and they should return whatever we paid extra!!!

Like someone said earlier would you have been raising your voice and wanting a debate if the stamp duty had gone up and you had in fact saved by completing early, I very much doubt it. Life is all about timing, and unfortunately you got it wrong, not your fault but thats life. I once went on an all inclusive with the missus and kids and found out another couple had paid £500 per person less than myself, I didn't run back to Thomas Cook whinging.

Mickygg

yarimelf wrote: »

we need to raise our voice and they should return whatever we paid extra!!!

Utter rubbish. If it was down to people like you they would never have done this change! Someone is always unhappy.

They had to do this at a point in time.

People were happy to move and pay the stamp duty before the change, no one forced you to buy!! Get over it.

Overall it's a good change, long overdue.