Ooooh! SNP Raise Stamp Duty!!

[Hollowpockets]

Easty-5 said:

Graham, I was hoping this was the case but I don't think it is. I have been reading up more on it and from 1st April 2015 Scotland's own rates come into play wchic is 0% up to £125,000, 2% for £125,000-£250,000 & 10% for £250,000 - £324,000. So going by my maths we will be paying £7495. Still a saving over almost £9k but not as much as a saving as it could be.

Sorry didn't see the date, that's right but surely if its going to save you £2500 they can bring forward the moving date by 3 days on paper?

Edited by Hollowpockets on Thursday 4th December 11:39

[scz4]

Hollowpockets said:

Sorry didn't see the date, that's right but surely if its going to save you £2500 they can bring forward the moving date by 3 days on paper?

Yeah Jamie, you'd only be £5000 in stamp duty if you can bring it forward to the 31st of March. That's a set of coilovers

[rossybee]

Seems they're having a rethink.

http://www.bbc.co.uk/news/uk-scotland-scotland-pol...

[simoid]

What do we reckon is likely to change? Swimmer said he'd set the tax rates correctly for Scotland last October. Are we going to charge the rich more again?

[Easty-5]

simoid said:

What do we reckon is likely to change? Swimmer said he'd set the tax rates correctly for Scotland last October. Are we going to charge the rich more again?

Hopefully they will drop the 10% rate back in line with the rest of the UK's 5%. I can't see it happening though.

[Tinohead]

New rates are out

0% on first £145,000
2% on portion £145,001 - £250,000
5% on portion £250,001 - £325,000
10% on portion £325,001 - £750,000
12% on portion £750,001+

By my calculations, that means that £333,000 is the purchase price where you'd pay the same under the current UK system and the new Scottish system. Anything above and you start to pay more.

I'm sure when they first announced the new Scottish system, the cut over was £325,000, and when the UK system was changed it went down to £286,000.

[Du1point8]

Scotland
Up to £145,000: 0%
£145,000 - £250,000: 2%
£250,000.01 - £325,000: 5%
£325,000.01 - £750,000: 10%
£750,000.01: 12%


Rest of the UK
Up to £125,000: 0%
£125,000.01 - £250,000: 2%
£250,000.01 - £925,000: 5%
£925,000.01 - £1,500,000: 10%
£1,500,000.01: 12%


So buying a £500k house in UK is
0% on first 125k
2% on next 125k = 2500
5% on next 250k = 12500
Total = £15,000

So buying a £500k house in Scotland is
0% on first 145k
2% on next 105k = 2100
5% on next 100k = 5000
10% on next 175k = 17500
Total = £24,600

Holy crap... They really don't like people who have done well for themselves.

[Hollowpockets]

Tinohead said:

New rates are out

0% on first £145,000
2% on portion £145,001 - £250,000
5% on portion £250,001 - £325,000
10% on portion £325,001 - £750,000
12% on portion £750,001+

By my calculations, that means that £333,000 is the purchase price where you'd pay the same under the current UK system and the new Scottish system. Anything above and you start to pay more.

I'm sure when they first announced the new Scottish system, the cut over was £325,000, and when the UK system was changed it went down to £286,000.

So if I was to sell my fairly normal 4 bedroom house in the west of Aberdeen, someone would be looking at paying £60,000 instead of the previous £30,000 in land tax or I'd have to reduce the price to get it sold, It's disgusting really for families and people looking to get into Aberdeen for work or needing a bigger family home as its as much a bullet for middle class as it is for the extremely wealthy. There will be countless other examples for other areas of the country which will inevitably bring the housing market to a standstill for quite some time. Especially in Aberdeen while there are so many cuts at the moment.

fking moronic government

[ViperPict]

Seems fair enough to me for the majority of people living in Scotland.

[McWigglebum4th]

ViperPict said:

Seems fair enough to me for the majority of people living in Scotland.

But completely fks those who have worked hard

No doubt they will fk off down south

But that is the intention

[ViperPict]

McWigglebum4th said:

ViperPict said:

Seems fair enough to me for the majority of people living in Scotland.

But completely fks those who have worked hard

No doubt they will fk off down south

But that is the intention

No it doesn't.

There are folk who work extremely hard and cannot afford to buy a house >£325k. There are also those who do not work hard and can. And all other combinations.

And are you sure Cameron's speech writer has not got a copyright on 'hardworking people' and combinations thereof?

[McWigglebum4th]

Still the intention to get us no voting tory scum to ps off out of the country

[ViperPict]

McWigglebum4th said:

Still the intention to get us no voting tory scum to ps off out of the country

Were you not already chastised for your conspiracy theory views regarding the 'SNP are out to get me'?

[simoid]

ViperPict said:

Were you not already chastised for your conspiracy theory views regarding the 'SNP are out to get me'?

Well, if he's rich, then the SNP should be out to get him. Otherwise, it wouldn't be fair to the majority.

[McWigglebum4th]

ViperPict said:

McWigglebum4th said:

Still the intention to get us no voting tory scum to ps off out of the country

Were you not already chastised for your conspiracy theory views regarding the 'SNP are out to get me'?

The SNP are merely incompetent power hungry wkers who feed off class war and fk the rich attitude

People like yourself the hardcore face painted tts are vindictive s who will stop at nothing to get FFREEEeeeeeeeeddddoooommmmmmmm!!!


Lets be honest you did say you would be spitting in my face once you had won your independence

[ViperPict]

McWigglebum4th said:

ViperPict said:

McWigglebum4th said:

Still the intention to get us no voting tory scum to ps off out of the country

Were you not already chastised for your conspiracy theory views regarding the 'SNP are out to get me'?

The SNP are merely incompetent power hungry wkers who feed off class war and fk the rich attitude

People like yourself the hardcore face painted tts are vindictive s who will stop at nothing to get FFREEEeeeeeeeeddddoooommmmmmmm!!!


Lets be honest you did say you would be spitting in my face once you had won your independence

Yup, he bit... Fishy McTrouterson...

[Easty-5]

Easty-5 said:

Hopefully they will drop the 10% rate back in line with the rest of the UK's 5%. I can't see it happening though.

Well. I. Never! As I said on Monday, I didn't see that coming. It's great news for me. Under the previous (new) scheme that was coming in to play I would have paid about £7500 in tax. With the newest figures I will only be paying just over £4500.