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    • Former MSE Andrea
    • By Former MSE Andrea 22nd Nov 17, 12:17 PM
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    Former MSE Andrea
    • #2
    • 22nd Nov 17, 12:17 PM
    • #2
    • 22nd Nov 17, 12:17 PM
    We're updating our news story. Click the link to read the updates.
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    • Former MSE Andrea
    • By Former MSE Andrea 22nd Nov 17, 1:04 PM
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    • #3
    • 22nd Nov 17, 1:04 PM
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    Autumn Budget 2017: Universal credit wait times to be reduced
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    • Former MSE Andrea
    • By Former MSE Andrea 22nd Nov 17, 1:04 PM
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    Autumn Budget 2017: Personal tax allowance to be raised to 11,850
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    • Former MSE Andrea
    • By Former MSE Andrea 22nd Nov 17, 1:04 PM
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    • #5
    • 22nd Nov 17, 1:04 PM
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    • 22nd Nov 17, 1:04 PM
    Autumn Budget 2017: Stamp duty axed for most first-time buyers
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    • Former MSE Andrea
    • By Former MSE Andrea 22nd Nov 17, 1:04 PM
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    • #6
    • 22nd Nov 17, 1:04 PM
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    • 22nd Nov 17, 1:04 PM
    Autumn Budget 2017: National living wage to rise next April
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    • emelho
    • By emelho 22nd Nov 17, 1:13 PM
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    emelho
    • #7
    • 22nd Nov 17, 1:13 PM
    First time buyers
    • #7
    • 22nd Nov 17, 1:13 PM
    Hi,

    We are first-time buyers and have already exchanged but not completed. Will the stamp duty cut apply to us, seeing as we haven't completed? Or will they take our exchange date into account?

    Thanks
    • short_cake
    • By short_cake 22nd Nov 17, 1:20 PM
    • 67 Posts
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    short_cake
    • #8
    • 22nd Nov 17, 1:20 PM
    • #8
    • 22nd Nov 17, 1:20 PM
    Stamp duty only becomes effective from completion date - so if u have not completed yet , then you will qualify for today announcement
    • AirlieBird
    • By AirlieBird 22nd Nov 17, 1:20 PM
    • 1,039 Posts
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    AirlieBird
    • #9
    • 22nd Nov 17, 1:20 PM
    • #9
    • 22nd Nov 17, 1:20 PM
    Hi,

    We are first-time buyers and have already exchanged but not completed. Will the stamp duty cut apply to us, seeing as we haven't completed? Or will they take our exchange date into account?

    Thanks
    Originally posted by emelho
    From https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-first-time-buyers/stamp-duty-land-tax-relief-for-first-time-buyers

    This measure will have effect for transactions with an effective date (usually the date of completion) on or after 22 November 2017.
    • TT2018
    • By TT2018 22nd Nov 17, 2:03 PM
    • 2 Posts
    • 0 Thanks
    TT2018
    Do I Qualify?
    Hi

    I am currently in the process of buying a property jointly with my wife - She is a first time buyer and has never owned a property. However I have previously owned a buy to let jointly with my parents around 3 year ago (now sold).

    Given this is the firs time i am buying a house to live in does this new stamp duty relief apply ?

    i can only find the statement "A first time buyer is defined as an individual or individuals who have never owned an interest in a residential property in the United Kingdom or anywhere else in the world and who intends to occupy the property as their main residence"
    • mailmannz
    • By mailmannz 22nd Nov 17, 2:18 PM
    • 292 Posts
    • 177 Thanks
    mailmannz
    Hi

    I am currently in the process of buying a property jointly with my wife - She is a first time buyer and has never owned a property. However I have previously owned a buy to let jointly with my parents around 3 year ago (now sold).

    Given this is the firs time i am buying a house to live in does this new stamp duty relief apply ?

    i can only find the statement "A first time buyer is defined as an individual or individuals who have never owned an interest in a residential property in the United Kingdom or anywhere else in the world and who intends to occupy the property as their main residence"
    Originally posted by TT2018
    Sadly it looks like you won't benefit from this change! BOTH have to be first time buyers!

    Although, as Im in the same boat as you, I have asked this question of my solicitor.

    If the change doesn't apply to us I have asked what needs to be done to put the house only in my wifes name and then we can change this later.

    Regards

    Mailman
    • Kim_13
    • By Kim_13 22nd Nov 17, 2:36 PM
    • 1,901 Posts
    • 2,037 Thanks
    Kim_13
    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.
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
    • TT2018
    • By TT2018 22nd Nov 17, 2:59 PM
    • 2 Posts
    • 0 Thanks
    TT2018
    - 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
    • By Mersey 22nd Nov 17, 3:13 PM
    • 1,660 Posts
    • 789 Thanks
    Mersey
    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
    • By AirlieBird 22nd Nov 17, 3:21 PM
    • 1,039 Posts
    • 851 Thanks
    AirlieBird
    Hardly. An income tax cut for 70%
    Originally posted by Mersey
    No income tax cut for anybody. It's an increase in line with inflation so in real terms, no change
    and a stamp duty abolition for 95%.
    !
    Originally posted by Mersey
    Which will be entirely replaced by the higher house prices it creates.
    • stevec59
    • By stevec59 22nd Nov 17, 6:06 PM
    • 242 Posts
    • 19 Thanks
    stevec59
    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
    • By Credit-Crunched 23rd Nov 17, 7:21 AM
    • 2,107 Posts
    • 4,138 Thanks
    Credit-Crunched
    - 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!
    Originally posted by TT2018
    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
    • By ViolaLass 23rd Nov 17, 8:09 AM
    • 5,592 Posts
    • 7,723 Thanks
    ViolaLass
    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!
    Originally posted by Mersey
    95% of people in the country are FTBs?
    • Shakin Steve
    • By Shakin Steve 23rd Nov 17, 10:52 AM
    • 1,691 Posts
    • 1,464 Thanks
    Shakin Steve
    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
    • By northwalesd 23rd Nov 17, 11:51 AM
    • 366 Posts
    • 284 Thanks
    northwalesd
    95% of people in the country are FTBs?
    Originally posted by ViolaLass
    No, the 95% figure means that 95% of first time buyers will be 'helped' by the changes to stamp duty.
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