Thursday, Nov 23, 2017

Life copies satire copies life

Daily Mash: House prices increase by precisely the amount of stamp duty cut

THE price of homes for first-time buyers has gone up by exactly what they are set to save after yesterday’s cut in stamp duty.
Prospective first-time buyers of a £280,000 London flat, set to save £4,000 in stamp duty, will now find that the flat costs £284,000.
Estate agent Carolyn Ryan said: “I’ve just finished changing all the prices in the windows.
“It took two hours actually, so unfortunately we will have to pass that on to buyers as an extra £200 admin fee.”

Posted by mombers @ 02:04 PM (2460 views) Add Comment

2 Comments

1. jack c said...

Mark Wadsworth over the years (once a regular contributor to HPC) repeatedly explained that Stamp Duty is really paid by the seller.

Thursday, November 23, 2017 04:06PM Report Comment
 

2. mombers said...

By the same logic (supported by empirical evidence) the changes to business rates will also largely accrue to landlords eventually. This is also supported by empirical evidence...

Thursday, November 23, 2017 04:38PM Report Comment
 

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