Don't laugh, but SNP have just put stamp duty up to 10%!

Don't laugh, but SNP have just put stamp duty up to 10%!

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keith333

Original Poster:

370 posts

143 months

Thursday 9th October 2014
quotequote all
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.

keith333

Original Poster:

370 posts

143 months

Thursday 9th October 2014
quotequote all
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?