Labour to suspend Stamp Duty...?
Discussion
http://property.timesonline.co.uk/tol/life_and_sty...
Seems like a naked bribe in time for the next election to me...
However, as we are looking to move in the near future (to leave Labour-controlled Reading and it's poor schools), this could be a big bonus.
However, I'd still never vote Labour!
Edited to add a better source than the Sun
Seems like a naked bribe in time for the next election to me...
However, as we are looking to move in the near future (to leave Labour-controlled Reading and it's poor schools), this could be a big bonus.
However, I'd still never vote Labour!
Edited to add a better source than the Sun
Edited by Puggit on Tuesday 5th August 06:32
Agreed, it should be abolished.
It had exactly the opposite affect to that intended (it pushed prices even higher instead of keeping a lid on them) and it causes people to commute instead of moving house, but of course this isn't a problem as there is plenty of capacity on our roads ....
It had exactly the opposite affect to that intended (it pushed prices even higher instead of keeping a lid on them) and it causes people to commute instead of moving house, but of course this isn't a problem as there is plenty of capacity on our roads ....
2something said:
Agreed, it should be abolished.
It had exactly the opposite affect to that intended (it pushed prices even higher instead of keeping a lid on them) and it causes people to commute instead of moving house, but of course this isn't a problem as there is plenty of capacity on our roads ....
Not to mention railways - I used to commute 2 hours each way, because I figured that even my 5k a year ticket worked out as 5 years stamp tax and fees on a very average flat in an OK piece of London - I'd rather spend that money on SWT than give it to HM Tax and RevenueIt had exactly the opposite affect to that intended (it pushed prices even higher instead of keeping a lid on them) and it causes people to commute instead of moving house, but of course this isn't a problem as there is plenty of capacity on our roads ....
Bing o said:
They should abolish Stamp Duty altogether, or at least rebase it so that it reflects current house prices - ie 1% applies to over 250k places etc.
And, like death duty, only on the amount OVER the 250k. Not suddenly on the whole sum just because the price went £1k over the threshhold.Anyway, if they do it it will be as a vote buyer, or to make way for something which will earn them more money, another 'stealth tax'.
King Herald said:
Bing o said:
They should abolish Stamp Duty altogether, or at least rebase it so that it reflects current house prices - ie 1% applies to over 250k places etc.
And, like death duty, only on the amount OVER the 250k. Not suddenly on the whole sum just because the price went £1k over the threshhold.Anyway, if they do it it will be as a vote buyer, or to make way for something which will earn them more money, another 'stealth tax'.
Hmmm, well they need to make a decision one way or the other or they will stall the housing market even more than it already is. Who in their right mind is going to exchange / complete on a house now knowing that stamp duty **might** be revoked imminently? I've got an offer in on a house and I'm not going anywhere until this is concluded one way or the other now.
miniman said:
Hmmm, well they need to make a decision one way or the other or they will stall the housing market even more than it already is. Who in their right mind is going to exchange / complete on a house now knowing that stamp duty **might** be revoked imminently? I've got an offer in on a house and I'm not going anywhere until this is concluded one way or the other now.
Exactly. Gordon Brown is a f
kwit. "Hints" at changes, and then buggers off to the Olympics while it all implodes!So they are thinking of suspending Stamp duty, less than a year after that thieving barstard took 10k of my savings so i could get onto the ladder for the first time.... I wonder if there is any way that someone like me can get it back claiming its unfair that he took it in the first place since i was a first time buyer and now he has/is thinking of suspending it.
Plotloss said:
More spineless (non)leadership.
I love the way he is packaging the blind faith and optimisim that he can return to hiding his financial ills in a rising housing market as a package of family help.
Go Gordon, your incompetency is showing and you have nowhere to hide
O/T Plotters did you get my email? I love the way he is packaging the blind faith and optimisim that he can return to hiding his financial ills in a rising housing market as a package of family help.
Go Gordon, your incompetency is showing and you have nowhere to hide
SplatSpeed said:
they cant afford to
Well, that's a fair point.Though they have made about 5 Billion a year more in Stamp Duty than in 1997.
Had they saved some of that cash, there would be money in the pot for this sort of thing, for a short period of time (i.e. the announcement it's all changed back the day after the election!!).
Jasandjules said:
SplatSpeed said:
they cant afford to
Well, that's a fair point.Though they have made about 5 Billion a year more in Stamp Duty than in 1997.
Had they saved some of that cash, there would be money in the pot for this sort of thing, for a short period of time (i.e. the announcement it's all changed back the day after the election!!).
stop it it hurts Given that stamp duty had the opposite affect the to the one intended as prices were on their way up, it might well have the opposite affect to the one intended on the way down as well.
- If* stamp duty is abolished, I would expect more houses to come on the market at a time when there are already quite a few on the market, should be interesting ....
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