Forum Message

Topic: Re:New Stamp Duty Bands
Posted by: Adrian Irving
Date/Time: 04/12/14 10:09:00

When Gordon Brown introduced the stepped system I was stunned by its stupidity. I spent ages trying to see any logic behind it on the mistaken belief that he was the Chancellor and must have a vastly superior financial brain than mine.
The new system is better but over complex in my view. (Below is a link to a calculator that makes life a lot easier)
What was the problem with the way it was levied years ago? A fixed percentage was charged of say 1. 5 % on any purchase. A buyer at 150,000 would pay 2,250 whereas a buyer at 5,000,000 would pay 75,000. Seems fair to me.
Back in the day Stamp Duty started at 15,000 .. I bought my second property at 14,995..HAPPY DAYS!


https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/382324/Stamp_Duty_15.pdf


Entire Thread
TopicDate PostedPosted By
New Stamp Duty Bands 03/12/14 19:14:00 Claire Moran
   Re:New Stamp Duty Bands 03/12/14 19:19:00 Susan Kelly
      Re:Re:New Stamp Duty Bands 03/12/14 19:22:00 John Hickman
      Re:Re:New Stamp Duty Bands 03/12/14 19:24:00 Claire Moran
         Re:Re:Re:New Stamp Duty Bands 03/12/14 23:34:00 Ken Munn
   Re:New Stamp Duty Bands 03/12/14 19:30:00 Thomas Barry
      Re:Re:New Stamp Duty Bands 03/12/14 21:49:00 Susan Kelly
   Re:New Stamp Duty Bands 03/12/14 21:51:00 Susan Kelly
      Re:Re:New Stamp Duty Bands 03/12/14 22:19:00 Claire Moran
         Re:Re:Re:New Stamp Duty Bands 04/12/14 10:23:00 David McLoughlin
   Re:New Stamp Duty Bands 04/12/14 10:09:00 Adrian Irving
      Re:Re:New Stamp Duty Bands 04/12/14 11:38:00 Richard Greenhough
         Re:Re:Re:New Stamp Duty Bands 04/12/14 12:02:00 Susan Kelly
            Re:Re:Re:Re:New Stamp Duty Bands 04/12/14 12:12:00 Claire Moran
               Re:Re:Re:Re:Re:New Stamp Duty Bands 04/12/14 12:16:00 Claire Moran
                  Re:Re:Re:Re:Re:Re:New Stamp Duty Bands 04/12/14 13:17:00 Jonathan Bingham
                     Re:Re:Re:Re:Re:Re:Re:New Stamp Duty Bands 04/12/14 13:27:00 James Holmes-Siedle
                     Re:Re:Re:Re:Re:Re:Re:New Stamp Duty Bands 04/12/14 13:46:00 Claire Moran
                        Re:Re:Re:Re:Re:Re:Re:Re:New Stamp Duty Bands 04/12/14 15:02:00 Guy Lambert
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:New Stamp Duty Bands 04/12/14 15:06:00 Andrew Jones

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