Jump to content
House Price Crash Forum
Sign in to follow this  
cashinmattress

Msps Back Second Home Charge Plan: 3% Over £40K

Recommended Posts

http://www.bbc.co.uk/news/uk-scotland-35552559

MSPs back second home charge plan

Holyrood's Finance Committee backed a new supplement of 3% of the total price of properties over £40,000.

http://www.bbc.co.uk/news/uk-scotland-scotland-politics-35113952

According to the Scottish Fiscal Commission, the official watchdog of the Scottish government's tax and spending plans, the supplement on LBTT will affect between 8,500 and 12,500 transactions each year, and could raise between £19m and £27m.

Also;

http://www.scottishfinancialnews.com/7558/msps-back-tax-on-second-homes/

The committee has therefore called for the introduction of a relief on bulk purchases of six properties or more.

Comments...

Edited by cashinmattress

Share this post


Link to post
Share on other sites

They also mentioned some sort of grace period - but I didnt quite understand what it meant ?

The 6 or more is a bit strange - whats the point ?

Share this post


Link to post
Share on other sites

Osborne has done a grace period, and thats why house prices are rising. On housing it seems all the parties are the same.

The 6 has probably got to do with the big fish. They only want to tax the small and medium btl. Again see 2nd sentence above.

Share this post


Link to post
Share on other sites

Cheers for clearing that up.

I am not sure with the 6+ reasoning and whats going to happen behind it. I am all for large properly run rental 'porfolios'run by people that know what they are doing at a professional level. However I dont see why they should get a 'discount' compared to others - and I also don't see how it is going to be policed in terms of whether they really are planning to offer a decent service - or are just shysters - but on a larger scale.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   94 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.