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Stamp Duty Question
Comments
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What lender was that with if you don’t mind me asking? We’ve got around 18% deposit so could lower that to 15% maybe?0
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We are with HSBC0
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https://www.express.co.uk/life-style/property/1382201/phil-spencer-stamp-duty-holiday-end-date-2021-property-warning/amp
Surely sellers have to start paying it if the bubble is to get a longer term boost from this "holiday" and the government are to get their revenue?1 -
Sellers will be paying SDLT on their purchase - are they supposed to pay two lots?Crashy_Time said:https://www.express.co.uk/life-style/property/1382201/phil-spencer-stamp-duty-holiday-end-date-2021-property-warning/amp
Surely sellers have to start paying it if the bubble is to get a longer term boost from this "holiday" and the government are to get their revenue?I like cooking with wine......sometimes I even put it in the food!0 -
... No their sellers are obviously supposed to pay it on their sale
One of the few things I agree with CT on - either the sellers should pay, or it should be scrapped altogether1 -
No, sellers pay it when they sell and buyers don`t pay it, that is one way to get more FTB`ers, or they could exempt FTB`ers and assume that second/third whatever buyers have made enough equity that they don`t mind helping out the bubble that supplied that equity? That way the government gets revenue and FTB`ers are slightly less stretched, although I think many will be heading into NE anyway.allIcouldwishfor said:
Sellers will be paying SDLT on their purchase - are they supposed to pay two lots?Crashy_Time said:https://www.express.co.uk/life-style/property/1382201/phil-spencer-stamp-duty-holiday-end-date-2021-property-warning/amp
Surely sellers have to start paying it if the bubble is to get a longer term boost from this "holiday" and the government are to get their revenue?2 -
Ah ok - I understand now. Yes this would be a good system.Crashy_Time said:
No, sellers pay it when they sell and buyers don`t pay it, that is one way to get more FTB`ers, or they could exempt FTB`ers and assume that second/third whatever buyers have made enough equity that they don`t mind helping out the bubble that supplied that equity? That way the government gets revenue and FTB`ers are slightly less stretched, although I think many will be heading into NE anyway.allIcouldwishfor said:
Sellers will be paying SDLT on their purchase - are they supposed to pay two lots?Crashy_Time said:https://www.express.co.uk/life-style/property/1382201/phil-spencer-stamp-duty-holiday-end-date-2021-property-warning/amp
Surely sellers have to start paying it if the bubble is to get a longer term boost from this "holiday" and the government are to get their revenue?I like cooking with wine......sometimes I even put it in the food!0 -
I would just say to the sellers they need to lower their price by what ever stamp duty costs you are facing, after all house prices have gone up by the stamp duty saving since it was introduced.
Its unlikely they will be able to sell it after March for what ever you paid for it as everyone else will have to pay stamp duty for it and wint have as much to pay for a house.0 -
Wouldn't you end up with people that would otherwise downsize staying put? I wouldn't want to pay SDLT on my £600k 5 bed detached property when downsizing to a £200k 3-bed semi. Downsizing is off-putting enough with legal and agents fees.Crashy_Time said:
No, sellers pay it when they sell and buyers don`t pay it, that is one way to get more FTB`ers, or they could exempt FTB`ers and assume that second/third whatever buyers have made enough equity that they don`t mind helping out the bubble that supplied that equity? That way the government gets revenue and FTB`ers are slightly less stretched, although I think many will be heading into NE anyway.allIcouldwishfor said:
Sellers will be paying SDLT on their purchase - are they supposed to pay two lots?Crashy_Time said:https://www.express.co.uk/life-style/property/1382201/phil-spencer-stamp-duty-holiday-end-date-2021-property-warning/amp
Surely sellers have to start paying it if the bubble is to get a longer term boost from this "holiday" and the government are to get their revenue?0
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