Sunday, Nov 22, 2009

Does not look good

ThisWasMoney: Will stamp duty return hit house prices?

'With the government's plummeting stamp duty revenues, the golden goose of stamp duty now seems somewhat of a dead duck.

Posted by confused76 @ 12:08 PM (1316 views)
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1. confused76 said...

The average estimate suggests it will take five years for the market to recover. One group, Capital Economics, claimed it could take until 2019, while others said it would be any time between 2012 and 2016.


Sunday, November 22, 2009 12:11PM Report Comment

2. mark wadsworth said...

They are mentally ill.

1. Reducing the threshold from £175k to £125k only affects a few sales.

2. The tax is borne, economically, by the vendor. In other words, if you're trying to sell a property between £125k and £175k, and the purchaser says he doesn't want to pay the SDLT, you can drop your price by 1%, job done.

Just sayin', is all.

Sunday, November 22, 2009 03:36PM Report Comment

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