Monday, March 5, 2007
189% pay at least 7.5k stamp duty on house purchases
One in five pays higher stamp duty charges
19 per cent of house buyers paid the highest rate of stamp duty in 2006, according to research carried out by HBOS, owner of Halifax, Britain's largest lender. The gorvernment earned £4.6 bn last year, compared to 2.1 bn in 2001.
Posted by jellycaster @ 04:00 PM (427 views)
One thought on “189% pay at least 7.5k stamp duty on house purchases”
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paul says:
189%? Surely not. Every man, woman and child plus their overseas aquantancies would have to be paying stamp duty.
This is, BTW the reason the government (and BBC) are such housing bulls. Forced debt is a far better way of securing money than voluntary contributions. So the plan is:
1. Raise property prices
2. Let people spend their new found wealth (by remortgaging to leverage the debt further)
3. Tax the increase in value
4. Profit!! – for the government (not you silly).
Welcome to Briatin – enjoy your stay!