Saturday, Jul 20, 2019


Torygrapgh: Stamp duty could be halved

Call me a cynic but isn't this a free way of introducing a motivation to delay people downsizing? I seem to remember another initiative which was to ease planning restrictions (in the future of course heaven forbid the present day) within 300m of train/tube stations by removing the height restrictions. This would of course have -massively- boosted their valuations and been well worth waiting for, and this would also have covered a truly massive amount of London housing. Selling delay was for nothing of course, didn't happen. HS2, Brexit, Garden Bridge, this is clearly (IMO) just manipulation. Also Johnson doesn't even seem to realise that shifting stamp duty from seller to buyer is IRRELEVANT

Posted by stillthinking @ 11:35 AM (903 views)
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1. landofconfusion said...

If you reduce the costs you increase the profits, or in this case the asking price. Also shouldn't that title be:

Torygraph: Taxpayer money could be funneled to wealthy Londoners & foreign investors, under Boris plans

Saturday, July 20, 2019 05:47PM Report Comment

2. tenyearstogetmymoneyback said...

Personally I find it ridiculous that if you want to move house you end up paying stamp duty (actually it gets paid at least twice if you include the other people in the chain) yet if you re-mortgage, do equity release, or any other scheme to avoid downsizing, the Government gets nothing. I would apply the stamp duty to the release of equity, which is effectively income.

Sunday, July 21, 2019 07:58PM Report Comment

3. khards said...

I suspect most of the ill effects are unintended side effects of trying to boost gdp via the housing market and getting as many people exchanging money as possible. Politicians don't care about the side effects.

Tuesday, July 23, 2019 08:55AM Report Comment

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