| Topic: | Re:Re:Re:Re:Forget aspiration with Labour | |
| Posted by: | Adrian Irving | |
| Date/Time: | 21/08/25 16:11:00 |
| Stamp Duty used to be based on a small percentage of the selling price paid by the buyer. Two percent if memory serves with a starting point set to exclude most first time buyers. A perfectly sustainable formula that was as fair as it could be to the whole country. That was until some idiot, Gordon Brown I think, imposed artificial levels were the duty leapt over a number of price points. I remember £300,000 as being one so that a house type that had sold for £325,000 struggled to sell for anything over £300,000 for example. Now the duty is so complicated you need a formula to work it out! Maybe the duty being paid by the seller could work (although there will be unforeseen and unintentional consequences) but why not revert to a simple percentage of the selling price? |