Stamp Duty Changes

danothy

TheBlueHorse wrote: »

to who?...................

"To whom?"

Graham_Devon

The BBC keeps saying that the homeowner will be better off as a result of stamp duty changes. They never say buyer.

Is this simply a case a lazy wording, or is it actually being described this way to appease homeowners?

Edit: The Halifax are at it too? It reads as if it's an attempt to engineer confidence?

"The average homeowner will be financially better off under the new structure and the changes should encourage more movement in the housing market as transactional costs will be reduced for many," said Stephen Noakes, of the Halifax.

pinkteapot

wotsthat wrote: »

As TWH is on the naughty step I don't think Martin Lewis is going to start up the claim bandwagon on his behalf.

What happened to TWH?! I've missed some gossip!

My heart did bleed for the poor people thrown into a panic by the SD announcement:

http://www.telegraph.co.uk/finance/autumn-statement/11272315/Stamp-duty-reform-triggers-panic-buying-of-high-end-London-homes.html

A property advisor working for one of the big four accountancy firms said an overseas client had flown in yesterday afternoon following the Chancellor's Autumn Statement to exchange on a £20m home and save himself £400,000.

wotsthat

pinkteapot wrote: »

What happened to TWH?! I've missed some gossip!

He started a thread about the propensity of certain ethnic groups to riot. He then suggested executing benefit claimants. I like to think he was just playing devil's advocate to inject some passion into the arguments.

chewmylegoff

Graham_Devon wrote: »

The BBC keeps saying that the homeowner will be better off as a result of stamp duty changes. They never say buyer.

Is this simply a case a lazy wording, or is it actually being described this way to appease homeowners?

Edit: The Halifax are at it too? It reads as if it's an attempt to engineer confidence?

You do realise that the way you get to own a home is by buying it and that stamp duty is a tax paid only by homeowners?

Graham_Devon

chewmylegoff wrote: »

You do realise that the way you get to own a home is by buying it and that stamp duty is a tax paid only by homeowners?

Yes, I do realise that.

But the point at which these changes help you is when you are a homebuyer, not a homeowner.

The BBC has even gone as far as suggesting up to 22m homeowners could be better off as a result of this change.

Wheezy_2

pinkteapot wrote: »

What happened to TWH?!

I think it all started when some lefty scum took him to a restaurant in leftyville and insisted on splitting the bill.

ukcarper

Graham_Devon wrote: »

Yes, I do realise that.

But the point at which these changes help you is when you are a homebuyer, not a homeowner.

The BBC has even gone as far as suggesting up to 22m homeowners could be better off as a result of this change.

Any body with property just above the thresholds will probably benefit.

pinkteapot

Graham_Devon wrote: »

Yes, I do realise that.

But the point at which these changes help you is when you are a homebuyer, not a homeowner.

The BBC has even gone as far as suggesting up to 22m homeowners could be better off as a result of this change.

I strongly suspect lazy wording. But, as most sellers will just hike their prices a bit in response to the change, it will benefit homeowners...

Generali

pinkteapot wrote: »

I strongly suspect lazy wording. But, as most sellers will just hike their prices a bit in response to the change, it will benefit homeowners...

Economic theory says that the benefits will be split between buyers and sellers FWIW. Prices will rise a bit but by less than the tax cut.