Stamp Duty Ending

Thrugelmir

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

mrlegend123 said:

sellers to pay stamp duty and not buyers sorted 

Well I’m going to take a flyer and make a few bold assumptions based on no evidence.

I think that -
most ftbers pay zero or insignificant SDLT
most sellers are also buyers.
more sellers are moving up the ladder than down it.

It’s a plan therefore that only really hurts people selling but not buying. Disincentivizing supply side isn’t going to make house prices drop despite what some loons think. Present company excepted.
oh, and suddenly making what would effectively be an inheritance tax applicable to lots more people who currently wouldn’t pay it isn’t going to go down well with the electorate.

Why bother with a SD "holiday" in that case?

Oh for gods sake there really is no hope for you crashy. 

The good news is that it will be back soon anyway.

When do you think it will announced?
before or after the market shuts down?

Next Budget is some time away. 

SDLT_Geek

The next Budget is 3 March 2021.

Mickey666

SpiderLegs said:

mrlegend123 said:

sellers to pay stamp duty and not buyers sorted 

Well I’m going to take a flyer and make a few bold assumptions based on no evidence.

I think that -
most ftbers pay zero or insignificant SDLT
most sellers are also buyers.
more sellers are moving up the ladder than down it.

It’s a plan therefore that only really hurts people selling but not buying. Disincentivizing supply side isn’t going to make house prices drop despite what some loons think. Present company excepted.
oh, and suddenly making what would effectively be an inheritance tax applicable to lots more people who currently wouldn’t pay it isn’t going to go down well with the electorate.

I wouldn't be too sure about that.  It depends on which section of the electorate is affected.  Besides, a property 'assets' tax will equally not go down well with the 'electorate'  Remember Vince Cable's 'mansion tax' proposals . . . hmm, whatever happened to the LibDems?  Also, IHT is largely voluntary anyway and is one of the more easily avoided taxes.  An 'asset' tax would likely be far more difficult to avoid, which might prove popular with government perhaps but certainly not with the average homeowner.

Crashy_Time

Bio23 said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

mrlegend123 said:

sellers to pay stamp duty and not buyers sorted 

Well I’m going to take a flyer and make a few bold assumptions based on no evidence.

I think that -
most ftbers pay zero or insignificant SDLT
most sellers are also buyers.
more sellers are moving up the ladder than down it.

It’s a plan therefore that only really hurts people selling but not buying. Disincentivizing supply side isn’t going to make house prices drop despite what some loons think. Present company excepted.
oh, and suddenly making what would effectively be an inheritance tax applicable to lots more people who currently wouldn’t pay it isn’t going to go down well with the electorate.

Why bother with a SD "holiday" in that case?

Oh for gods sake there really is no hope for you crashy. 

The good news is that it will be back soon anyway.

Do you mean the government will extend it?

No, they will bring it back.

Crashy_Time

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

mrlegend123 said:

sellers to pay stamp duty and not buyers sorted 

Well I’m going to take a flyer and make a few bold assumptions based on no evidence.

I think that -
most ftbers pay zero or insignificant SDLT
most sellers are also buyers.
more sellers are moving up the ladder than down it.

It’s a plan therefore that only really hurts people selling but not buying. Disincentivizing supply side isn’t going to make house prices drop despite what some loons think. Present company excepted.
oh, and suddenly making what would effectively be an inheritance tax applicable to lots more people who currently wouldn’t pay it isn’t going to go down well with the electorate.

Why bother with a SD "holiday" in that case?

Oh for gods sake there really is no hope for you crashy. 

The good news is that it will be back soon anyway.

When do you think it will announced?
before or after the market shuts down?

You said previously that people with equity were "loaded", why did they need the SD holiday?

SpiderLegs

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

mrlegend123 said:

sellers to pay stamp duty and not buyers sorted 

Well I’m going to take a flyer and make a few bold assumptions based on no evidence.

I think that -
most ftbers pay zero or insignificant SDLT
most sellers are also buyers.
more sellers are moving up the ladder than down it.

It’s a plan therefore that only really hurts people selling but not buying. Disincentivizing supply side isn’t going to make house prices drop despite what some loons think. Present company excepted.
oh, and suddenly making what would effectively be an inheritance tax applicable to lots more people who currently wouldn’t pay it isn’t going to go down well with the electorate.

Why bother with a SD "holiday" in that case?

Oh for gods sake there really is no hope for you crashy. 

The good news is that it will be back soon anyway.

When do you think it will announced?
before or after the market shuts down?

You said previously that people with equity were "loaded", why did they need the SD holiday?

Erm they don’t.
sorted out that date for market closedown yet?

Crashy_Time

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

mrlegend123 said:

sellers to pay stamp duty and not buyers sorted 

Well I’m going to take a flyer and make a few bold assumptions based on no evidence.

I think that -
most ftbers pay zero or insignificant SDLT
most sellers are also buyers.
more sellers are moving up the ladder than down it.

It’s a plan therefore that only really hurts people selling but not buying. Disincentivizing supply side isn’t going to make house prices drop despite what some loons think. Present company excepted.
oh, and suddenly making what would effectively be an inheritance tax applicable to lots more people who currently wouldn’t pay it isn’t going to go down well with the electorate.

Why bother with a SD "holiday" in that case?

Oh for gods sake there really is no hope for you crashy. 

The good news is that it will be back soon anyway.

When do you think it will announced?
before or after the market shuts down?

You said previously that people with equity were "loaded", why did they need the SD holiday?

Erm they don’t.
sorted out that date for market closedown yet?

? But you also said..."most ftbers pay zero or insignificant SDLT", so back to my original question to you...why would the government give up all that nice revenue to "stimulate" the market when everybody can afford it or doesn`t even pay it?

Angela_D_3

To get people to move now rather than 2, 4, 5 years time.  Moving house stimulates covid safe businesses.  It just moved peoples plans forward  

Crashy_Time

Angela_D_3 said:

To get people to move now rather than 2, 4, 5 years time.  Moving house stimulates covid safe businesses.  It just moved peoples plans forward  

Why would people who can easily afford, or hardly even pay much of a tax (according to the poster I asked the question) change or bring forward their plans because the government decide they can save some money when they move? Isn`t the reality that the bubble is so big now, and the finances of the people trying to clamber around on the bubble so stretched that these sorts of stunts (save 5k now to go into negative equity later) are all that is left to stop it popping completely?

SpiderLegs

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

Crashy_Time said:

SpiderLegs said:

mrlegend123 said:

sellers to pay stamp duty and not buyers sorted 

Well I’m going to take a flyer and make a few bold assumptions based on no evidence.

I think that -
most ftbers pay zero or insignificant SDLT
most sellers are also buyers.
more sellers are moving up the ladder than down it.

It’s a plan therefore that only really hurts people selling but not buying. Disincentivizing supply side isn’t going to make house prices drop despite what some loons think. Present company excepted.
oh, and suddenly making what would effectively be an inheritance tax applicable to lots more people who currently wouldn’t pay it isn’t going to go down well with the electorate.

Why bother with a SD "holiday" in that case?

Oh for gods sake there really is no hope for you crashy. 

The good news is that it will be back soon anyway.

When do you think it will announced?
before or after the market shuts down?

You said previously that people with equity were "loaded", why did they need the SD holiday?

Erm they don’t.
sorted out that date for market closedown yet?

? But you also said..."most ftbers pay zero or insignificant SDLT", so back to my original question to you...why would the government give up all that nice revenue to "stimulate" the market when everybody can afford it or doesn`t even pay it?

What on earth are you blabbering on about.

First off I didn’t say that people with equity were loaded. I said that FTBers who paid lots of SD were. Right here -
The majority of FTBers don’t pay stamp duty or only pay a relatively small amount. Those that do pay large amounts are not ‘scraping’, they are already loaded.
so your suggestion is complete rubbish as per.

Second of all, that statement is the same as me later on saying (which you quoted above) -
most ftbers pay zero or insignificant SDLT

So that is me saying the same thing twice and you not being able to understand that
a. they are the same thing
b. The first statement is two sentences, both about FTBers. You should know that as you previously wrote this -
The people trying to scrape their way onto the housing "ladder" do actually need it though, which is why in sentence two I reference FTBers ‘scraping’.

It’s hard enough if you can’t understand what other people post, but when you forget your own comments it does make things very difficult.

Thirdly, the government often give up revenue to stimulate a market, it’s a fairly standard tactic. They have done it with VAT recently for example.

Fourthly, as you seen to be labouring the point, the SD holiday is not about revenue nor is it about propping up house prices. It isn’t to lure more FTBers in, which you seem to be obsessing about. It’s to help maintain transactions and therefore protect jobs. Maintaining transactions is why the chance of the housing market shutting down again is absolutely minute, and also why I keep asking you when you think it’s going to happen, and which you refuse to answer.

Finally, ‘everybody can afford it or doesn’t even pay it’ is some concept you have made up in your own head. So the actual answer to that made up question is - they haven’t