Tuesday, August 6, 2013

Govt raking it in from hard up buyers

A quarter of buyers now hit by 3% stamp duty

The TaxPayers’ Alliance (TPA) today published new research showing what they have called the ‘punitive’ amounts paid in Stamp Duty each year. While home-buyers in London and the South East are hardest hit, more people across the country are being hit by Stamp Duty at the 3% rate, which acts as a barrier both for an increasing number of first-time buyers. Families buying a home for between £250,000 and £500,000 pay between £7,500 and £15,000 in Stamp Duty.

Posted by property addict @ 11:48 AM (1041 views)
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5 thoughts on “Govt raking it in from hard up buyers

  • mark wadsworth says:

    The TPA are largely a front for the bankers and landowners.

    They whine about £7,500 SDLT, fair enough, but at least that’s a one-off which comes off the price of a house. Wouldn’t it be more relevant to complain about the £30,000 which yer typical FTB household in London pays in PAYE, VAT and so on every year?

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  • Again, the housing market would have been better served by getting rid of stamp duty for those who can afford a mortgage, rather than extending help to lend for folk who cannot afford a mortgage.

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  • Mark, TPA are also campaigning againt PAYE and much more. You take are taking a straw man argument out of context.

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  • “TaxPayers’ Alliance calls for National Insurance to be scrapped, to stop future HMRC fiascos and to promote growth”

    http://www.taxpayersalliance.com/home/2011/10/taxpayers-alliance-calls-national-insurance-scrapped-stop-future-hmrc-fiascos-promote-growth.html

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  • Creating jobs is as easy as lowering VAT – The TaxPayers’ Alliance
    One simple solution to create jobs and revive the economy may be to cut VAT. At least that is what Andy Cosslett believes. Cosslett, Chief Executive of t,,,,

    http://www.taxpayersalliance.com/campaign/2010/11/creating-jobs-is-as-easy-as-lowering-vat.html

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