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Stamp duty cut from today

13567…12

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    lincroft1710 wrote: »
    Obviously, but if Hammond is giving something, from where is he taking extra to make up the deficit.

    Tax revenues do increase every year. Inflation sees to that.
  • writer5
    writer5 Posts: 16 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    Anyone know when this takes effect? Is it immediate?
  • fleetingmind
    fleetingmind Posts: 495 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Is a FTB defined a someone who has never every bought a property in the UK? i.e even if you bought a house 20 years ago you don't count.

    If a married couple buy a house and 1 has bought a house in the past and the other hasn't I assume you still pay the stamp duty even now?
  • obay
    obay Posts: 570 Forumite
    writer5 wrote: »
    Anyone know when this takes effect? Is it immediate?

    right after he announced it
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • london.cidade
    london.cidade Posts: 147 Forumite
    Eighth Anniversary 100 Posts
    Completing on 1st of December. It is 555000 gbp. Adding salt to the injury, just have failed in my driving exam. I'm a bit depressed..
  • dwhitwor
    dwhitwor Posts: 1 Newbie
    edited 22 November 2017 at 3:08PM
    I have a query about this, I am currently selling my property to buy a place with my girlfriend, who is a first time buyer, where does that leave us in terms of paying stamp duty?
  • obay
    obay Posts: 570 Forumite
    dwhitwor wrote: »
    I have a query about this, I am currently selling my property to buy a place with my partner, who is a first time buyer, where does that leave us in terms of paying stamp duty?

    you'd have to pay full rate (AFAIK - Clarification needed though).

    you are not a first time buyer
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • xsor
    xsor Posts: 90 Forumite
    Third Anniversary 10 Posts Combo Breaker
    obay wrote: »
    right after he announced it

    Are you sure? Everyone at my work place thinks it's for next financial year?
  • obay
    obay Posts: 570 Forumite
    xsor wrote: »
    Are you sure? Everyone at my work place thinks it's for next financial year?

    he said right now in the announcement - so I assume that's this second.
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • lee111s
    lee111s Posts: 2,987 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    xsor wrote: »
    Are you sure? Everyone at my work place thinks it's for next financial year?

    It’s as of today
This discussion has been closed.
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