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Stamp duty cut from today
Comments
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Great news for FTB's, but not for those hoping to move up the ladder and are still hindered by duty.
That's not quite true... it's great news for those moving up who are also selling properties suitable for FTBs of course (as those FTBs will now find it easier to buy.)
All in all good news for the UK housing market but somehow I don't think the HPC crowd will quite see it that way.
Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
Fantastic news will be a fab help for me
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Two weeks too late for me. Would have saved £5k! Was tempted to wait. Maybe next time...oh wait0
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Is it not houses up to £300,000 - no Stamp Duty.
Houses up to £500,000, first £300,000 exempted, 5% on the rest.
I do not believe the second relief is limited to London, just that is would 'help' London.0 -
Is it not houses up to £300,000 - no Stamp Duty.
Houses up to £500,000, first £300,000 exempted, 5% on the rest.
I do not believe the second relief is limited to London, just that is would 'help' London.
Yes there was no mention of London specifically. Just a "for those in areas where house prices are more expensive".0 -
2 years too late"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
If it was a week earlier, I would've saved £3,500.
On the upside, when the Help to Buy schemes were launches, house prices rocketed. Abolishing stamp duty might do the same, which will be an instant boost in potential equity.0 -
Is this just in England??0
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Thrugelmir wrote: »Out of the bigger pot.
Obviously, but if Hammond is giving something, from where is he taking extra to make up the deficit.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0 -
Presumably England, Wales & N Ireland. Scottish Government deals with the equivalent tax, LBTT.whatdoyouthink... wrote: »Is this just in England??0
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