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Stamp Duty Exemption
Comments
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I think its around midday.david_cox1990 said:
Damn it, sorry to hear that. With respect, just hoping we don't find ourselves in the same boat.Seraphseven said:How's your luck! We exchanged and completed a week ago. There's a big chunk of money we won't be seeing again
Does anyone know what time the announcement is?0 -
Really hope something for second time buyers is announced with immediate effect. We haven't exchanged yet but we would potentially benefit approx 25k if the thresholds raise enough. Fingers crossed!0
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The best they're talking about is no stamp duty on purchases up to £500k, which is around £15k stamp duty. Some think £300k is more likely. It's very unlikely to be high enough to benefit someone facing a £25k SD bill...joys1 said:Really hope something for second time buyers is announced with immediate effect. We haven't exchanged yet but we would potentially benefit approx 25k if the thresholds raise enough. Fingers crossed!0 -
My bet is on the threshold going up from 125k to 500k for 6/12 months. If that does happen, that would mean the 15k savings go to buyers of 500k+ properties as well.pinkteapot said:
The best they're talking about is no stamp duty on purchases up to £500k, which is around £15k stamp duty. Some think £300k is more likely. It's very unlikely to be high enough to benefit someone facing a £25k SD bill...joys1 said:Really hope something for second time buyers is announced with immediate effect. We haven't exchanged yet but we would potentially benefit approx 25k if the thresholds raise enough. Fingers crossed!1 -
May be the case if they raise the common threshold to let's say 500k but keep only the 3% for the second home purchases. Would still be a reduction to the current situation even for those facing higher bills.pinkteapot said:
The best they're talking about is no stamp duty on purchases up to £500k, which is around £15k stamp duty. Some think £300k is more likely. It's very unlikely to be high enough to benefit someone facing a £25k SD bill...joys1 said:Really hope something for second time buyers is announced with immediate effect. We haven't exchanged yet but we would potentially benefit approx 25k if the thresholds raise enough. Fingers crossed!0 -
Seraphseven said:How's your luck! We exchanged and completed a week ago. There's a big chunk of money we won't be seeing again
Yep I agree with you, complete about 2 weeks ago, maybe he will back date it!!
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kazwookie said:
maybe he will back date it!!Seraphseven said:How's your luck! We exchanged and completed a week ago. There's a big chunk of money we won't be seeing again
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Conveniently our solicitors have just sent over the stamp duty forms for us to sign at 11am....1
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Up until 31st March 2021 and up to £500,000 means no stamp duty. Useless, this is when HTB ends too.0
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