Ooooh! SNP Raise Stamp Duty!!
Discussion
What a bunch of s: http://www.bbc.co.uk/news/uk-scotland-scotland-pol... Won't be many hoses in Aberdeen or Edinburgh escape the 10%.
Jesus, could you imagine the damage they could of done if there was a yes vote and had control over everything! This is exactly why I voted no, completely incompetent....
Dinoboy said:
So am I right in thinking the 10% only applies to the bit over £250k?
So if you sell for £275k it's 10% on £25k.
As it happens, we just bid on a property today, that's now going to closing date on Tuesday.... we offered a flexible entry date as a way to entice the sellers to our bid (they don't want to move out until next summer), but we'll need to make sure we commit by 31st March! I wonder if this will impact the sale of our house though..... Even then, it will still add £5k+ on top of what we would of paid for 4% stamp duty. So if you sell for £275k it's 10% on £25k.
Edited by scz4 on Thursday 9th October 19:37
Patch1875 said:
I work it out you would pay £4800 on a 275k property.
Yeh, that's what I was thinking. 2% of £115k is £2300 plus 10% of £25k = £4800. House price of £324k is the cut off point where the old system paid the same as the new one.
Any more than that and you'll be worse off.
Edited by Dinoboy on Thursday 9th October 19:17
Dinoboy said:
Yeh, that's what I was thinking. 2% of £115k is £2300 plus 10% of £25k = £4800.
House price of £324k is the cut off point where the old system paid the same as the new one.
Any more than that and you'll be worse off.
Can't see how this is going to help anyone like someone above said you can't get much for under 250k in the big 3 cities.House price of £324k is the cut off point where the old system paid the same as the new one.
Any more than that and you'll be worse off.
Edited by Dinoboy on Thursday 9th October 19:17
Dinoboy said:
Yeh, that's what I was thinking. 2% of £115k is £2300 plus 10% of £25k = £4800.
House price of £324k is the cut off point where the old system paid the same as the new one.
Any more than that and you'll be worse off.
CorrectHouse price of £324k is the cut off point where the old system paid the same as the new one.
Any more than that and you'll be worse off.
Edited by Dinoboy on Thursday 9th October 19:17
Take a deal at £500k
SDLT = £15,000
LBTT = £27,300
Ooooh indeed
scz4 said:
BBC - "Under the new system, 90% of taxpayers and 95% of non-residential taxpayers would be better or no worse off, Mr Swinney added."
Would love to know how they calculated this....
I'd guess that 90% of all residential property sales are under £324,300, hence they benefit from these changes.Would love to know how they calculated this....
Olivera said:
scz4 said:
BBC - "Under the new system, 90% of taxpayers and 95% of non-residential taxpayers would be better or no worse off, Mr Swinney added."
Would love to know how they calculated this....
I'd guess that 90% of all residential property sales are under £324,300, hence they benefit from these changes.Would love to know how they calculated this....
scz4 said:
I'd be very surprised by this.... but perhaps I'm a little naive living in the Aberdeen area.....
From earlier this year - http://www.bbc.co.uk/news/uk-scotland-scotland-bus...Average Scottish house price - ~£160,000
Average Aberdeen house price - £211,489
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