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Barb E Dahl

Stamp Duty Exempt On Properties Under £175k

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Might be cancelled, won't be surprised given that the Loony Party are hell bent on propping up the deck of cards in any way they can. Anyway, £175K won't buy you much of a house at these prices anyway, so it doesn't effect me or many others I should imagine.

Edited by Spoony

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Depends where in the country you are. Around here, £125k will get you a good 2-bed house or a 'ropy' 3 -bed. For £175k, you'd get a 4-bed semi or maybe a 3-bed detatched. Garden sizes would vary quite a bit too.

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Might be cancelled, won't be surprised given that the Loony Party are hell bent on propping up the deck of cards in any way they can. Anyway, £175K won't buy you much of a house at these prices anyway, so it doesn't effect me or many others I should imagine.

thats 4 bed detached territory here in Boston.

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In my area a lot of two bed terraces are selling for around £140,000. If the Stamp Duty threshold is reduced to £125,000 I can see a lot of offers being made at £124,995.

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Depends where in the country you are. Around here, £125k will get you a good 2-bed house or a 'ropy' 3 -bed. For £175k, you'd get a 4-bed semi or maybe a 3-bed detatched. Garden sizes would vary quite a bit too.

+1, here too.

£175k is my target price as well, so I'm quite interested in the decision and its consequences to the market. Any ideas?

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As we all know, this is due to drop back down to the measely sum of £125k again in the new year.

Do you think this will definitely happen?

If I were AD I would keep the exemption. After all, its not as if the lower priced houses are flying off the shelf and 1% (or whatever) of nothing is nothing.

It doesn't look like the coming up end of exemption date is causing a mad rush to buy at present so I would announce a 6 month extension which will coincide nicely with the spring house buying season and the general election and cause a bit of a frenzy before the exemption is withdrawn.

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As we all know, this is due to drop back down to the measely sum of £125k again in the new year.

Do you think this will definitely happen?

phah, who ever heard of a house costing less than £125k? i spend more than that at the pub on a friday night.

no doubt it will go up to £250k.

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i'm seeing little effect of this threshold being at 175k now. I think it did make a bit of a difference when everyone was unsure and looking for bargains. Now vendors know that they can wait it out for someone to offer within 5% of asking, irrespective.

I personally would like to see the threshold raised to 199k and for it to be 3% of a properties purchase price. So in effect, abolish the lower threshold and bring the current higher threshold down from 250k. That would pi$$ a lot of people right off. :lol: That would almost certainly dampen any risk of hpi. maybe.

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If I was AD, Id change the tax to progressive 1% of the price...no bands.

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