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Found 7 results

  1. https://www.mortgagesolutions.co.uk/news/2021/01/18/petition-to-extend-stamp-duty-holiday-secures-parliament-debate/ It seems Rishi boy is being goaded into another extension of stamp duty. Recently numerous articles have been clamoring for an extension citing the plight of those asset rich citizens who, otherwise would not have an extra GBP15k to shell out after already having paid significant increase in house prices in 2020. Here is an example: Here is a recent article by Telegraph The stamp duty holiday was deployed too early – so extend it now, when the market actually needs it - https://www.telegraph.co.uk/property/uk/stamp-duty-holiday-deployed-early-extend-now-market-actually/ Sad part is various interest groups will stop at nothing to ensure that the market does not operate freely and finds its own price equilibrium. I reckon a petition to NOT extend stamp duty is in order.
  2. More good news. Interesting stat from the article too: "The party quoted from a study by King’s College London which estimated that a one percentage point rise in the share of residential transactions registered to overseas companies led to an increase of about 2.1% in house prices, and lowered the overall homeownership rate." https://www.theguardian.com/politics/2019/nov/22/tory-party-pledges-3-surcharge-for-overseas-buyers-of-english-homes
  3. http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/12019894/Buy-to-let-stampede-ahead-of-stamp-duty-hikes.html
  4. http://www.ftadviser.com/2016/03/01/investments/property/buy-to-let-stamp-duty-may-increase-rents-Ddv8avuQ6ws0Njd2OJf6aM/article.html? I seem to recall something about sh1t rolling downhill.
  5. http://www.bbc.co.uk/news/uk-scotland-35552559 http://www.bbc.co.uk/news/uk-scotland-scotland-politics-35113952 Also; http://www.scottishfinancialnews.com/7558/msps-back-tax-on-second-homes/ Comments...
  6. And replaced with a new tax: the Land and Buildings Transaction Tax (LBTT) Property price Rate Up to £135,000 0 £135,001 - £250,000 2% £250,001 - £1,000,000 10% Over £1,000,000 12% This was announced back in October, but I can't find any threads on it, probably buried by the referendum stuff. At the moment, UK stamp duty land tax is levied at 0pc for homes worth up to £125,000; 1pc between £125,001-£250,000; 3pc between £250,001-£500,000; 4pc between £500,001-£1m; 5pc between £1m-£2m and 7pc above £2m. A key difference is that the new Scottish LBTT tax is only on the value above the threshold, so it is slightly less insane than the current system. http://www.moneysavingexpert.com/news/mortgages/2014/10/stamp-duty-bill-for-average-properties-in-scotland-to-be-slashed The effect on business considering where to build large offices may be significant. This change may turn out to be good for individuals but bad for the Scottish economy.
  7. How strangely bearish. Could that be because prices are going to go down? Of course not, it's because they're going up so the only 'crazy' would be to pay stamp duty now and even more stamp duty when you trade up in a few years. http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/10974069/Youd-be-crazy-to-buy-a-home-right-now.html
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