Another stable door job?
Discussion
So I see the "Brown Supremacy" are working themselves up to a state of near activity!
Talk of scrapping stamp duty - surely one of the least fair and most invasive taxes - is in the offing, again: FT
This is the bit that really tickles me: "While the prime minister is desperately seeking ways to revive Labour’s dismal opinion poll ratings, the government cannot afford to lose the £6.5bn annual revenue generated from residential stamp duty."
If houses aren't selling they'll not get stamp duty anyway! How long 'till these geniuses work that out?
And in anycase, it really is a useless tax when prices are doing anything other than rising rapidly, but when their near static or falling, poeple simply cannot keep (effectively) giving equity away to HMRC. Pity the poor sods who are forced to move because of disasters with their employment, health or marital status.
The Treasury lined their pockets nicely in the boom, but now they'll have to adapt to the bust like the rest of us. The sound of hooves have long faded into the distance as the intricacies of the stable door bolt are being pondered.
Talk of scrapping stamp duty - surely one of the least fair and most invasive taxes - is in the offing, again: FT
This is the bit that really tickles me: "While the prime minister is desperately seeking ways to revive Labour’s dismal opinion poll ratings, the government cannot afford to lose the £6.5bn annual revenue generated from residential stamp duty."
If houses aren't selling they'll not get stamp duty anyway! How long 'till these geniuses work that out?
And in anycase, it really is a useless tax when prices are doing anything other than rising rapidly, but when their near static or falling, poeple simply cannot keep (effectively) giving equity away to HMRC. Pity the poor sods who are forced to move because of disasters with their employment, health or marital status.
The Treasury lined their pockets nicely in the boom, but now they'll have to adapt to the bust like the rest of us. The sound of hooves have long faded into the distance as the intricacies of the stable door bolt are being pondered.
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