Wednesday, March 21, 2012

Is that a “POP” sound coming from London?

Budget 2012: New stamp duty plans are outlined

Properties sold for more than £2m will be subject to a new 7% stamp duty charge, Chancellor George Osborne has confirmed. Mr Osborne also said that stamp duty on residential properties over £2m which were bought via a company would increase to 15%.

Posted by rantnrave @ 02:04 PM (1632 views)
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8 thoughts on “Is that a “POP” sound coming from London?

  • clockslinger says:

    Yes that is a “pop” sound alright, morons. The sound of popping champagne corks amongst the rich knowing this is another tax they can avoid at your expense whilst you sit tight and whine on HPC and thinking that means you live in a “democracy”!

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  • OBR grow forecast:

    “Office for Budget Responsibility is slightly revising up in their growth forecast for the UK this year to 0.8%. They then forecast 2% next year; 2.7% in 2014; And 3% in both 2015 and 2016.”

    once again the government is holding out for the mythic growth fairy to ride on in and save the day. it’s just more extend and pretend, instead of doing something about it now.

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  • Commentators on this site certainly have the intellect and insight to scrutinize and question, but have no courage to do.

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  • mark wadsworth says:

    What Clockslinger says.

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  • Clockslinger,

    Did you actually listen to the budget speech?

    One of the most interesting bits was our George’s pledge to tackle, immediately and retrospectively any SD avoidance schemes that might be dreamt up.

    Retrospective action is rare in taxation law, and I can’t recall a chancellor making such a pledge before.

    He’s set out his stall very firmly on the tax avoidance front, so one has to assume he’s serious about it.

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  • @5 tom101

    Do what?

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  • @7 – Are we talking about the same U-Turn Dave ? I will believe it when I see / hear of it.

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