MSE News: Budget 2017: Chancellor to unveil Government spending plans

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  • Kim_13
    Kim_13 Posts: 2,494 Forumite
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    How are they defining most polluting diesel cars I wonder? Found that those impacted will be moved up one tax band, but nothing about what's getting moved.
  • TT2018
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    :( - Could you keep me updated on your situation i can then advise the same to my solicitors.

    Technically this is my first time buy but only first time for a house i intend to live in!
  • Mersey_2
    Mersey_2 Posts: 1,679 Forumite
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    Hardly. An income tax cut for 70% and a stamp duty abolition for 95%.


    The only place that doesn't affect "the vast majority" must be where George Osborne lives!
    Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.
  • AirlieBird
    AirlieBird Posts: 1,046 Forumite
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    Mersey wrote: »
    Hardly. An income tax cut for 70%
    No income tax cut for anybody. It's an increase in line with inflation so in real terms, no change
    Mersey wrote: »
    and a stamp duty abolition for 95%.
    !
    Which will be entirely replaced by the higher house prices it creates.
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
  • stevec59
    stevec59 Posts: 296 Forumite
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    I've always paid stamp duty including my first house over 30 years ago, why shouldn't everyone else, unless I can get a refund 🤑
  • Credit-Crunched
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    TT2018 wrote: »
    :( - Could you keep me updated on your situation i can then advise the same to my solicitors.

    Technically this is my first time buy but only first time for a house i intend to live in!

    Technically it is your second house purchase, your first house purchase was the one you made with your parents.

    I am afraid this will not apply to you.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
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    Mersey wrote: »
    Hardly. An income tax cut for 70% and a stamp duty abolition for 95%.


    The only place that doesn't affect "the vast majority" must be where George Osborne lives!

    95% of people in the country are FTBs?
  • Shakin_Steve
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    I was just so relieved that the threat of cutting income tax relief on pension contributions for 40%ers didn’t come to fruition. That could have been very costly. Phew.........
    I came into this world with nothing and I've got most of it left.
  • northwalesd
    northwalesd Posts: 1,178 Forumite
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    ViolaLass wrote: »
    95% of people in the country are FTBs?

    No, the 95% figure means that 95% of first time buyers will be 'helped' by the changes to stamp duty.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
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    No, the 95% figure means that 95% of first time buyers will be 'helped' by the changes to stamp duty.

    Which undermines Mersey's claim that 'the majority of people' will be helped by this.
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