Saturday, Apr 14, 2007
GB(H) knows how to get into your pocket, raise House Prices and slap on more tax
Times Onlilne: Stamp out this dangerous duty
"This is no great surprise when the value of property has soared by almost 200 per cent in the past ten years, but there is little reason to cheer this stratospheric leap in house prices because the only real winner is the Treasury."
Hey ... why not change the Stamp Tax so that for the first £250k you only pay 1% and ONLY on the amount above that you pay 3%.
Because most houses in the South of UK are MORE than £250k.
Ok so you CAN say that the House (incl Fixtures) & Land is one price (subject to Stamp Duty) and then say that all Fittings, Planting and anything that is removable is an additional cost. But I heard that they were "Stamping" down on this get out. But it still seems theiving to tax the first £250k at 3% just because the overall price has gone up a bit.
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