Tuesday, January 29, 2013

Not changed since 1997

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 (2436 views)
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2 thoughts on “Not changed since 1997

  • Crash Bandicoot says:

    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.

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

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