We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stamp duty threshold being raised today...
dannyboycey
Posts: 1,060 Forumite
What do you think? What are the chances? I have a sneaky suspicion that they will raise the threshold as an incentive for FTB's.
0
Comments
-
I bet not by much though
Freedom is not worth having if it does not include the freedom to make mistakes.0 -
If they do they'll probably remove the stamp duty relief on disadvantaged areas at the same time.0
-
Should be tiered, 1% on the first 125 to say 250 then 2% on the next level then 3% on the rest so that houses aren`t artificially held at the threshold level. It would be much fairer to the vendor and purchaser.0
-
Of course it should be tiered like income tax, its bonkersFreedom is not worth having if it does not include the freedom to make mistakes.0
-
I think they should abolish it on houses under about 200K and tier it from then onwards, perhaps increasing the % a bit for the very rich on homes over £1m.0
-
dannyboycey wrote: »I think they should abolish it on houses under about 200K and tier it from then onwards, perhaps increasing the % a bit for the very rich on homes over £1m.
why £200k (round here that's a 1-bed flat) - up north it's a 5bed luxury home in some places.... why not at some ratio of local salaries?0 -
If they do change the threshold... would that be in effect from today?0
-
barnaby-bear wrote: »why £200k (round here that's a 1-bed flat) - up north it's a 5bed luxury home in some places.... why not at some ratio of local salaries?
I know what you're saying. It's a really complicated issue, and a 'one price suits all' approach favours developers and BTL'ers as location isn't so much an issue as it is for the ordinary working person.
All I know is that the current level is way out of proportion with real house prices, and needs changing.0 -
If they do change the threshold... would that be in effect from today?
Who knows? Maybe...
They may just avoid the subject of stamp duty altogether, choosing to revise the Key worker / shared ownership schemes and the open market homebuy whatever it's called scheme, to make them more attractive. Knowing how crafty Gordon Brown is, they could take this approach, as they will dress it up as a miracle cure for the housing market.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards