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Massive stamp duty changes!! In place midnight tonight
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That is incorrect, the HMRC calculator gives thresholds at 125, 250, 500, 925 and 1.5m.0
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Curses, wish they'd done this 3 years ago.. i'd have saved £4.5k!
This is almost the most sensible thing I've seen this government do0 -
What's incorrect?0
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Official HMRC Calculator here: http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm0
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mouthscradle wrote: »Woohoo, we exchanged on Monday and due to complete next Monday. Think this might be saving us £600, just waiting for confirmation from our solicitor. Saw the headlines and thought to myself "oh great, what a kick in the teeth", thinking it would be coming in after the election. Then I heard midnight tonight and nearly spat my drink out.
How awesome. You need to be ringing your MP right now demanding he supports it. A vote is going to take place in parliament.0 -
I have just heard the tail end of this on the news. We are about to make an offer of the asking price of £275000. Is anyone able to work out how much stamp duty we would pay please? My (over-excited, rushed) working out of this brings it down to £3750? Down from about £8K? That can't be right, can it?0
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pinkteapot wrote: »What's incorrect?
Sorry! The figures you quoted above, pinkteapot, do not match what's on the government website ... I just had a panic and went to HMRC to check as by the figures in your quote it would have cost an additional £30,000 for my recent transaction!0 -
I have just heard the tail end of this on the news. We are about to make an offer of the asking price of £275000. Is anyone able to work out how much stamp duty we would pay please? My (over-excited, rushed) working out of this brings it down to £3750? Down from about £8K? That can't be right, can it?
As posted prev:Official HMRC Calculator here: http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm0 -
I have just heard the tail end of this on the news. We are about to make an offer of the asking price of £275000. Is anyone able to work out how much stamp duty we would pay please? My (over-excited, rushed) working out of this brings it down to £3750? Down from about £8K? That can't be right, can it?
Link to HMRC calculator given above
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