Lol - yeah no sense of humour probs. Fingers crossed the two baby ragdolls don't scoot off across the fields!!
Its not just about being taxed for the pleasure of moving, its taxing people having to move for work, we are in the middle of a huge economic slump and we have a stamp duty regime that restricts the movement of labour, mad!
Sorry to hear about Rigsby. Why the 3% is on the whole amount, rather than just on what is over £250k, is difficult to understand. It creates an entirely foreseeable problem.
Very sorry about your cat loss. Worst two days of my life so far were the days my dogs died. Isn't stamp duty a load of old toss? Mind you, if they really taxed the corporations what they should be paying in tax, they could afford to abolish it.
Property markets working the way they do, if you did not have to pay 3% of the transaction value in stamp duty, the negotiated price would be 3% higher; you would have to pay the same total amount in any event. Stamp Duty is also very cheap to collect, being almost self-enforcing, so very little of the yield is wasted in administration costs. Collecting the same amount of Income Tax would cost far more. Are you really sure you would prefer to abolish it?
If stamp duty was paid on the increase in value of a property it might be more relevant but that'll never happen because the government wouldn't want to risk zero growth so no revenue.
Wouldn't that be like taxing your savings? All mine are in this house. Maybe they could levy stamp duty on the difference you pay for your new house vs what you sell the old one for. But even that would disadvantage people who have to move to the Home Counties for work. I don't buy Pete's suggestion that removing stamp duty would necessarily inflate house prices immediately by 3%. It might, it might not. I can't see that it's a given. I capitalised the stamp duty when I moved here, from what I remember. The bank added it to the mortgage. Can you do the same in the UK?
So how are house sale prices arrived at? There is a process of higgling in which each seller charges as much as he can find a buyer to pay, and each buyer pays the amount of money he can raise. If every buyer in effect suddenly had 3% more money available tomorrow, a fact known to every seller, what do you think would be the effect on price levels?
Worst days of my life my dog dying and the worst waiting for my Grandad to die. Watching him from talking away to a vegetive state and walking away from a hospital room as needed to dash home when I wanted to stay . He died as I got home. Your cat had a much loved life . So he's happy. As for the house can't you do a Harry Enfield ? " Oi wife NO ! " Christ I never ask for anything ! Mind you I'm now single and skint ., cause I never asked for anything much . Unlike other wife's I know how get a credit card to play with from hubby ! I'd be happy with a caramac and a pat in the head me !
yeah not great really is it, whether pet or family - watched my dad die in hospital from cancer, turning to a shell of what he once was just two months after diagnosis. House is on its way (should be nice tbh but expensive mortgage) and the tt went yesterday. Hey ho, not end of world and still got the 749 (and faithful sv 1000s) And my two ragdolls - they are great!!
