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Land Transaction Tax Wales?? Nasty Surprise!

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  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    bowlhead99 wrote: »
    Yes they are bothered about it, but may still go ahead and pay the asked/offered price (by using their emergency fund or doing greater borrowing), as they are in competition with others who were not relying on a stamp duty break to offer that amount of money for the property.
    The posting about how many miles they travel certainly illustrated that they did not stop travelling just because VAT on fuel existed.

    Likewise no amount of posting that the SDLT or LTT on a £600k house exceeds the VAT on a tank of fuel deflects from the fact that the VAT on £600k of fuel is a lot more than the tax on a £600k house, not that the tax on a £600k house is of much relevance to the typical Wales FTB... :p


    People have stopped buying houses as much as they used to though, that is kind of the point :p
  • moneyistooshorttomention
    moneyistooshorttomention Posts: 17,940 Forumite
    edited 2 April 2018 at 5:23PM
    ScorpiondeRooftrouser wrote: »
    If you want to be completely ruled by laws that the English vote for, you had the option of staying in England. You chose to move to Wales, nobody asked you. It's one thing to question the individual laws, quite another to question the idea that Wales should be allowed to make laws to suit itself.

    None of us give up our right to the freedom of speech we are proud of in this country just because we move to a different part of this country:) It is stating a fact (not a personal opinion) to say "There is an x political party" - in just the same way as stating "There is a y political party or a z political party".

    One thing that makes Britain an easier country to live in than many others imo.
  • ScorpiondeRooftrouser
    ScorpiondeRooftrouser Posts: 2,851 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    moneyistooshorttomention wrote: »
    None of us give up our right to the freedom of speech we are proud of in this country just because we move to a different part of this country:) It is stating a fact (not a personal opinion) to say "There is an x political party" - in just the same way as stating "There is a y political party or a z political party".

    One thing that makes Britain an easier country to live in than many others imo.

    If you want to say something, have the courage to say it and not hide behind "I was just stating a fact".
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    People have stopped buying houses as much as they used to though, that is kind of the point :p

    But do we have an much higher than normal unsold properties on the market?

    If I have 100 loafs of bread and 100 customers wanting loafs I can easily sell 100 loafs at full price, if I have 10 loafs and 10 customers I have sold a lot less loads but it is totally different to having 100 loafs and 10 customers... You are adding 2 and 2 and getting 5.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    But do we have an much higher than normal unsold properties on the market?

    If I have 100 loafs of bread and 100 customers wanting loafs I can easily sell 100 loafs at full price, if I have 10 loafs and 10 customers I have sold a lot less loads but it is totally different to having 100 loafs and 10 customers... You are adding 2 and 2 and getting 5.


    Doesn`t matter, they are not part of the market. If only ten loaves are sold, but slightly cheaper, the 90 loaves still in the oven also drop in value ;)
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    Doesn`t matter, they are not part of the market. If only ten loaves are sold, but slightly cheaper, the 90 loaves still in the oven also drop in value ;)

    You mean it doesn't conform to your ideology..

    Bread goes off but property does not so imagine bread does not go off, if the next day those 90 loaves are still on the shelf but another 100 loaves come on the shelf, again only 10 are sold, soon you end up with a lot of unsold loaves.... That should be the case with property but it is not...
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    You mean it doesn't conform to your ideology..

    Bread goes off but property does not so imagine bread does not go off, if the next day those 90 loaves are still on the shelf but another 100 loaves come on the shelf, again only 10 are sold, soon you end up with a lot of unsold loaves.... That should be the case with property but it is not...


    So you are saying that a house is different to a loaf when it is not sold, in that a house really IS sold even when it isn`t! Maybe you need to use your bread a bit more on this problem? :)
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    So you are saying that a house is different to a loaf when it is not sold, in that a house really IS sold even when it isn`t! Maybe you need to use your bread a bit more on this problem? :)


    It needs to be for sale first... Population has still increased more than properties needed...
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    It needs to be for sale first... Population has still increased more than properties needed...


    Where are all the homeless then?
  • wantonnoodle
    wantonnoodle Posts: 284 Forumite
    I've helped Parliament
    Crashy_Time wrote: »
    Where are all the homeless then?

    Clearly you've not spent any time in Liverpool or Manchester city centres over the past few months then. There's been a massive increase in homeless people over the last few months, mainly in city centres.

    https://www.manchestereveningnews.co.uk/news/greater-manchester-news/manchesters-homeless-crisis-much-much-14262766

    https://www.manchestereveningnews.co.uk/news/greater-manchester-news/what-being-done-help-homeless-14203255
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