Don't laugh, but SNP have just put stamp duty up to 10%!
Discussion
http://www.bbc.co.uk/news/uk-scotland-scotland-pol...
Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
keith333 said:
http://www.bbc.co.uk/news/uk-scotland-scotland-pol...
Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
Sounds like you'll pay about 1% on a 350k house. Nothing on the first 135k, 2.3k on the 115k that takes you up to 250, then 10% of the 100k that takes you up to 350k. So the tax is 3.3k ... If I can count right in my head. Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
The tax starts to rocket for more expensive houses, but for the majority it'll represent a cut or little change. Welcome to Cuba without the sun ... to misquote a French economic advisor.
ATG said:
keith333 said:
http://www.bbc.co.uk/news/uk-scotland-scotland-pol...
Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
Sounds like you'll pay about 1% on a 350k house. Nothing on the first 135k, 2.3k on the 115k that takes you up to 250, then 10% of the 100k that takes you up to 350k. So the tax is 3.3k ... If I can count right in my head. Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
The tax starts to rocket for more expensive houses, but for the majority it'll represent a cut or little change. Welcome to Cuba without the sun ... to misquote a French economic advisor.
Ours is stupid the way you pay the full amount if you breach a threshold.
keith333 said:
http://www.bbc.co.uk/news/uk-scotland-scotland-pol...
Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
Chunts.
Be careful what you wish for, Scotland.
ATG said:
keith333 said:
http://www.bbc.co.uk/news/uk-scotland-scotland-pol...
Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
Sounds like you'll pay about 1% on a 350k house. Nothing on the first 135k, 2.3k on the 115k that takes you up to 250, then 10% of the 100k that takes you up to 350k. So the tax is 3.3k ... If I can count right in my head. Unbelievable! SNP are saying that stamp duty for houses £250k to £1 mil will be 10%, 12% on houses above £1 mil. 0% up to £135k and 2% from 135k - £250k.
There are plenty houses up here from £300-350k which hard working people are going to pay huge amounts of tax on and money after they've paid tax on too.
The tax starts to rocket for more expensive houses, but for the majority it'll represent a cut or little change. Welcome to Cuba without the sun ... to misquote a French economic advisor.
ATG said:
Sounds like you'll pay about 1% on a 350k house. Nothing on the first 135k, 2.3k on the 115k that takes you up to 250, then 10% of the 100k that takes you up to 350k. So the tax is 3.3k ... If I can count right in my head.
I think you'll find its more like £12,300 on a £350,000 house, so about 3.5% of the total value. That's not dissimilar to south of the border but if you were buying a £700,000 place, the tax would be £47,300 compared to £35,000 in England and Wales.
The SNP realised a while back that the only way they will ever succeed with their dream of independence is to lurch to the left to hoover up all the discontented ex-labour voters, and that is exactly what they are doing. I really do hope this kick-starts a revival for the Scottish Conservatives as the only option for those who believe in sensible levels of taxation.
RBS blog here https://twitter.com/RBS_Economics so lower priced properties have stamp duty almost identical to the rest of the UK, but there's a point where it suddenly gets a lot higher. Maybe above £450k?
tim0409 said:
The SNP realised a while back that the only way they will ever succeed with their dream of independence is to lurch to the left to hoover up all the discontented ex-labour voters, and that is exactly what they are doing. I really do hope this kick-starts a revival for the Scottish Conservatives as the only option for those who believe in sensible levels of taxation.
Independence would've killed them - they never wanted that. They want more power for themselves in Scotland, and a large minority of the country who will vote for them no matter what since they're basically brainwashed against UK political parties.That's exactly what they've got.
keith333 said:
RBS blog here https://twitter.com/RBS_Economics so lower priced properties have stamp duty almost identical to the rest of the UK, but there's a point where it suddenly gets a lot higher. Maybe above £450k?
From that twitter feed:
Edited by BlackLabel on Thursday 9th October 17:58
simoid said:
I'm not sure on the marginality 
Gavin Brown MSP:
And he attacked the new property tax, asking: "How can the cabinet secretary justify an eye-watering 10% tax on houses over the value of £250,000?"
It is marginal. Further details....Gavin Brown MSP:
And he attacked the new property tax, asking: "How can the cabinet secretary justify an eye-watering 10% tax on houses over the value of £250,000?"
http://www.scotland.gov.uk/Topics/Government/Finan...
Edited by tim0409 on Thursday 9th October 18:32
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