MSE News: Budget 2017: Chancellor to unveil Government spending plans

2

Comments

  • Kim_13
    Kim_13 Posts: 2,391 Forumite
    Name Dropper First Anniversary First Post Photogenic
    How are they defining most polluting diesel cars I wonder? Found that those impacted will be moved up one tax band, but nothing about what's getting moved.
  • TT2018
    TT2018 Posts: 2 Newbie
    :( - Could you keep me updated on your situation i can then advise the same to my solicitors.

    Technically this is my first time buy but only first time for a house i intend to live in!
  • Mersey_2
    Mersey_2 Posts: 1,679 Forumite
    Hardly. An income tax cut for 70% and a stamp duty abolition for 95%.


    The only place that doesn't affect "the vast majority" must be where George Osborne lives!
    Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.
  • AirlieBird
    AirlieBird Posts: 1,046 Forumite
    Mersey wrote: »
    Hardly. An income tax cut for 70%
    No income tax cut for anybody. It's an increase in line with inflation so in real terms, no change
    Mersey wrote: »
    and a stamp duty abolition for 95%.
    !
    Which will be entirely replaced by the higher house prices it creates.
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
  • stevec59
    stevec59 Posts: 296 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    I've always paid stamp duty including my first house over 30 years ago, why shouldn't everyone else, unless I can get a refund 🤑
  • Credit-Crunched
    Credit-Crunched Posts: 2,212 Forumite
    TT2018 wrote: »
    :( - Could you keep me updated on your situation i can then advise the same to my solicitors.

    Technically this is my first time buy but only first time for a house i intend to live in!

    Technically it is your second house purchase, your first house purchase was the one you made with your parents.

    I am afraid this will not apply to you.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Mersey wrote: »
    Hardly. An income tax cut for 70% and a stamp duty abolition for 95%.


    The only place that doesn't affect "the vast majority" must be where George Osborne lives!

    95% of people in the country are FTBs?
  • Shakin_Steve
    Shakin_Steve Posts: 2,700 Forumite
    First Anniversary Photogenic First Post Name Dropper
    I was just so relieved that the threat of cutting income tax relief on pension contributions for 40%ers didn’t come to fruition. That could have been very costly. Phew.........
    I came into this world with nothing and I've got most of it left.
  • northwalesd
    northwalesd Posts: 1,159 Forumite
    First Post Name Dropper First Anniversary
    ViolaLass wrote: »
    95% of people in the country are FTBs?

    No, the 95% figure means that 95% of first time buyers will be 'helped' by the changes to stamp duty.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    northwalesd wrote: »
    No, the 95% figure means that 95% of first time buyers will be 'helped' by the changes to stamp duty.

    Which undermines Mersey's claim that 'the majority of people' will be helped by this.
This discussion has been closed.
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