Tuesday, Jan 29, 2013

Not changed since 1997

AboutProperty: Stamp duty 'bunching' could hit property market

The stamp duty bar must be raised or there is a risk that properties will begin to bunch at just under the £250,000 line, warns the CEO of the London Central Portfolio.
Currently stamp duty jumps from one per cent to three per cent when a property sells for over £250,000, but when that line in the sand was set in 1997 the average house price was much lower.

Posted by phil @ 12:09 PM (2390 views)
Add Comment
Report Article

2 Comments

1. Crash Bandicoot said...

They could achieve the same thing by dropping the bar too... I'm sure that Mark W has a name for the value that house prices would thereby drop to reflect the new tax burden.

Tuesday, January 29, 2013 11:14PM Report Comment
 

2. drewster said...

They do bunch just under that line. This is not news.

Tuesday, January 29, 2013 11:50PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies