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Meat Loaf

Possible Stamp Duty Extension?

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There has been speculation that the stamp duty freeze on properties worth up to 175k will be extended into 2010 and possibly even abolished to help FTBs. Do you think this will happen or is it just pure speculation?

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It's not beyond the realms of possibility. You have to realise that we are now operating on a minute by minute basis, long term planning is now 24 hours away. The entire financial system is collapsing and everything is being done to prevent this. The reality is that more and more schemes will come into existence on a daily basis. It's totally out of control.

I would imagine all sorts of stamp duty based financial ledger demain will come into play in the next year. The situation is so volatile that the only thing you can safely predict is the chaos itself.

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It's not beyond the realms of possibility. You have to realise that we are now operating on a minute by minute basis, long term planning is now 24 hours away. The entire financial system is collapsing and everything is being done to prevent this. The reality is that more and more schemes will come into existence on a daily basis. It's totally out of control.

I would imagine all sorts of stamp duty based financial ledger demain will come into play in the next year. The situation is so volatile that the only thing you can safely predict is the chaos itself.

There will be massive lobbying to extend the stamp duty holiday AND the reduced VAT rate AND the car scrappage scheme.

The main (only ?) parameter in whether these will be extended is the planned election date.

As was made very clear on the Newsnight special last night, an effective approach to managing the economy continues to be ruled out by the short-termism of the political cycle.

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IT's served it's purpose, and i'm 99% convinced it won't be extented. As for abolishing stamp duty for ftb's......are you insane ? Not even the tories can coutenance that idea now that both parties are in full-on prudence mode.

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IT's served it's purpose, and i'm 99% convinced it won't be extented. As for abolishing stamp duty for ftb's......are you insane ? Not even the tories can coutenance that idea now that both parties are in full-on prudence mode.

I'm not insane at all. I think that Labour may announce next week at Conference or in the Pre-Budget report thhat they will increase the allowance to something like 150k. What does anybody else think??

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I'm not insane at all. I think that Labour may announce next week at Conference or in the Pre-Budget report thhat they will increase the allowance to something like 150k. What does anybody else think??

increasing the threshold to 150k is not the same as abolishing it for ftb's. that's what i think.

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What are peoples predictions. Will stamp duty threshold be raised before the year is out or go back to 125k in January??

It will run out in Jan 2010. The withdrawal of the threshold will encourage entrants between now and christmas. This will be reflected in actual selling prices as reported in the Spring of 2010.

No brainer. They can't leave it be.

And...we need the revenue to fund the public services.

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