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Stamp Duty - Imminent Exchange

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    sal_III wrote: »
    I fail to realise how this will make any material difference and/or worth holding off house sale/purchase.

    If i'm looking to sell today for £X with buyer paying £Y in SDLT, after this change (if it even happens) I will be looking to sell for £X+Y. With the money going through the solicitors regardless it's all pretty much semantics, who pays

    The only advantage of the new system will be to allow the buyer to borrow the SDLT with the mortgage. But on the other hand this will make the Lenders uneasy about 95%/100% LTV since if they have to reposes and sell the SDLT can essentially put them in a position of negative security against the loan, even before other costs.

    It's like pretending that the retailers/businesses are paying the VAT, since they are the ones actually transferring the funds to the taxman.

    Good luck trying to add "Y" to your selling price in this political/economic climate.
  • Surrey_EA
    Surrey_EA Posts: 2,042 Forumite
    First Anniversary First Post
    buglawton wrote: »
    I think it should be a flat 1% no ifs buts special exceptions.

    Like it used to be, before a certain Mr G Brown came along.

    (Admittedly, it was 0% up to £60k, 1% anything over)
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