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£53k Increase in Stamp Duty For Me
tonyinessex
Posts: 518 Forumite
:mad:
So, 2 weeks before I was due to buy the house I am renting (for £1.99m) I am hit with the the bombshell that the Stamp Duty I have to pay has gone from £100,000 to £153,000.
I think a renegotiation is in order.
In my case, there's no other buyers on the horizon, but I do want to buy the house.
Clearly this is going to have a negative effect on £2m houses, but by how much on average?
So, 2 weeks before I was due to buy the house I am renting (for £1.99m) I am hit with the the bombshell that the Stamp Duty I have to pay has gone from £100,000 to £153,000.
I think a renegotiation is in order.
In my case, there's no other buyers on the horizon, but I do want to buy the house.
Clearly this is going to have a negative effect on £2m houses, but by how much on average?
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Comments
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Poor you! You have my full sympathy0
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Ah, the undeserving rich..0
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I think this may be a troll thread...
He can't be serious.:j
Planning for my future early
:T Thank you to the members of the MSE Forum :T
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Lets have a bit more sympathy can we, there's also this poor person who stands to lose out £288,750
http://www.standard.co.uk/news/london/stamp-duty-stampede-buyers-scrambling-to-complete-on-deals-after-george-osbornes-autumn-statement-bombshell-9900994.html0 -
Boohoo, my heart bleeds.
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Should have exchanged yesterday, your solicitor had over 4 business hours after the announcement to get their !!! in gear.0
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I'd like to show some sympathy, but I can't. I tried, I thought about it ... but, sorry, it's just not there.
If it were an extra £500 you had to pay on a £50k studio flat I'd say "awww". But it's not is it. Sorry. Better luck next time, eh.0 -
tonyinessex wrote: »:mad:
I am hit with the the bombshell that the Stamp Duty I have to pay has gone from £100,000 to £153,000.
We the MSE members feel your pain. Many of us priced out renters would like to help fund you stamp duty costs but we need to help fund Myrlene Class's Mansion tax costs on her garage first.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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