12 month Stamp Duty holiday on all main home UK resident transactions

grumiofoundation

eidand said:

blue_max_3 said:

I could see it being better for the seller actually. If the overall cost was cheaper, the price of the property could rise.

and how would that solve anything? Assume this would happen, I would not pay extra for a house, just because there is no stamp duty tax. That's no excuse to raise the price of a property. I'd pocket the money and offer exactly the same as before.

Yes but someone else might offer more - therefore the property price goes up. 

It would be particularly relevant in the case of people who are limited by the upfront cost. In an extreme example not having to pay £5000 in stamp duty may might give them £50000 additional purchasing power.

blue_max_3

eidand said:

and how would that solve anything? Assume this would happen, I would not pay extra for a house, just because there is no stamp duty tax. That's no excuse to raise the price of a property. I'd pocket the money and offer exactly the same as before.

It wouldn't. That was rather my point. People generally tend to borrow up to their limit. And if it gets into a bidding war, buyers would be able to go higher. Perversely, there may actually be a case for increasing the duty.

gab3x

I thought this was www.moneysavingexpert.com but it looks like this is www.iwanttopaymoretax.com

Safe'n'Sound

gab3x said:

I thought this was www.moneysavingexpert.com but it looks like this is www.iwanttopaymoretax.com

Spitting your dummy out isn't a good look and you'll probably regret that last comment.
Of course nobody wants to pay more tax but we're also very aware of the current climate and your proposal, while an obvious money saving venture, is so far off the radar that normal thinking folk here won't agree with you. Sorry to disappoint, but your idea is not a good use of the very limited free money that is currently knocking around.

bolwin1

Whilst it would benefit me considerably, given I'm planning to buy a house in the next few months, I think it's an appalling idea.  The government will need to be focused on getting the economy back up & running, not giving expensive sweeties to people who are lucky enough to still be in a position to buy a house. 

gab3x

Safe'n'Sound said:
Spitting your dummy out isn't a good look and you'll probably regret that last comment.

regret my last comment - !!!!!! is wrong with you? You going to send heavies over to my home? What kind of language and attitude is that?!

gab3x

bolwin1 said:

Whilst it would benefit me considerably, given I'm planning to buy a house in the next few months, I think it's an appalling idea.  The government will need to be focused on getting the economy back up & running, not giving expensive sweeties to people who are lucky enough to still be in a position to buy a house. 

Wake up, Govt is giving much more expensive sweeties to their mates all the time. Look at the Jenrick/Desmond pillage and that is just latest example.

Safe'n'Sound

gab3x said:

I thought this was www.moneysavingexpert.com but it looks like this is www.iwanttopaymoretax.com

If you really need it spelling out.....Slagging off the very people that are mainly here to help you is not a good look.

gab3x said:

Safe'n'Sound said:
Spitting your dummy out isn't a good look and you'll probably regret that last comment.

regret my last comment - !!!!!! is wrong with you? You going to send heavies over to my home? What kind of language and attitude is that?!

But after comments like that, without understanding the context, I get the impression you're not bothered, even though you do seem a little tense when everyone goes against your idea.
Ta ta

gab3x

All I will say is that as of today we are Stamp Duty free for 6 months, at least up to 500k

Despite all the horrible comments here the Treasury has implemented this great measure. It will save me the full 15k.