Stamp Duty

[flip_flop]

Does anybody have any idea what is happening with Stamp Duty? It was announced a few weeks ago that the Government was considering a Stamp Duty holiday........and since then, nothing. I am in the process of selling my house, but my buyer has now withdrawn his offer because he wants to wait and see - and quite honestly, I can't blame him as he could end up saving �000s. My purchase was dependent on selling my house and therefore I've had to pull my offer as well. I suspect this is happening up and down the country - why won't they either confirm they are or are not going to have a stamp duty holiday: mentioning it and then clamming up is damaging this already crappy market. So, is there any more news on this that I've missed?

[jake-the-peg]

According to the FT this was only being considerred for first time buyers

http://www.ft.com/cms/s/0/bcbe6ef2-69a3-11dd-9 1bd-0000779fd18c.html

[Avatar]

About time they realigned it with the way inflation and house prices have gone aswell the thieving b4stards.
I suggest if they must have a stamp duty at all
120 - 250,000 0%
250-500,000 1%
above, 2%

[jake-the-peg]

Interesting you should quote numbers Avatar - how did you come by them?

Do you think such a change would result in a net drop in government revenue and if so how would you plug the gap?

Increased borrowing? more taxes elsewhere?

These are the questions that the theiving b4astards have to answer

[rov1200]

The problem with these government advisors is that they tend to think out loud. Normally they throw all the ideas in a pot, discuss each of them in turn and pick out those that will work the others being consigned to the bin. But I suspect they are floating these ideas to see what reaction they will make to the general public before going through the above process. Very unsettling so don't believe a word you hear until it is government policy.

[jedimistress]

Booo. And I was hoping to use the �125k as an excuse to negotiate some properties down the way.