nick205
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 posted on 4/12/14 at 08:58 AM |
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Stamp duty changes
Currently moving house and the new stamp duty rules will save us a good chunk of money on the purchase.
Had been getting annoyed that the conveyancing was taking so long as well
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whitestu
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| posted on 4/12/14 at 08:59 AM |
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Anyone exchanging recently would be pretty pissed off.
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loggyboy
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| posted on 4/12/14 at 09:11 AM |
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Its actually a bit of shame for me - the houses we were looking at are around the 250k mark a lot of these were priced down by 5-10k or so to avoid
being just over the tax threshold. There was a big gap in the market between 250k -300k, this will now be filled, so whilst I might save £5 on stamp
duty , we'll be paying 10k more for the house!
[Edited on 4-12-14 by loggyboy]
Mistral Motorsport
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mark chandler
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| posted on 4/12/14 at 09:18 AM |
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Estate agents will soon fill the gap, I may have to let the butler go when we move, so unfair 
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loggyboy
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| posted on 4/12/14 at 09:28 AM |
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quote:
Originally posted by mark chandler
Estate agents will soon fill the gap, I may have to let the butler go when we move, so unfair
Didn't realise Tadley had be come that affluent!
Mistral Motorsport
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nick205
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| posted on 4/12/14 at 09:56 AM |
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quote:
Originally posted by loggyboy
Its actually a bit of shame for me - the houses we were looking at are around the 250k mark a lot of these were priced down by 5-10k or so to avoid
being just over the tax threshold. There was a big gap in the market between 250k -300k, this will now be filled, so whilst I might save £5 on stamp
duty , we'll be paying 10k more for the house!
[Edited on 4-12-14 by loggyboy]
Fair point and as the £250 to £300 gap is filled, it will drag everything else up as well, which is not good either.
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bi22le
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| posted on 4/12/14 at 11:16 AM |
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We are currently moving but not exchanged yet. This has saved us 4.
5k. We both agreed last night to spend it on a new larger garage! !!
Thanks George!
Track days ARE the best thing since sliced bread, until I get a supercharger that is!
Please read my ring story:
http://www.locostbuilders.co.uk/forum/13/viewthread.php?tid=139152&page=1
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jeffw
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| posted on 4/12/14 at 11:48 AM |
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We have the same problem with the £1M mark....but not anymore 
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big_wasa
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| posted on 4/12/14 at 12:19 PM |
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We are due to exchange this week and the saving will buy me a good workshop shed to supliment my single garage
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britishtrident
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| posted on 4/12/14 at 01:00 PM |
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A couple of weeks from now watch what has happened to house prices, the hike on those near the threshold will be much greater than any saving on stamp
duty, it will then have a knock on effect, the only winners will be sellers of houses above the threshold.
Stamp Duty is a pretty nasty tax but a change as major as this can't be done without hurting somebody
[I] “ What use our work, Bennet, if we cannot care for those we love? .”
― From BBC TV/Amazon's Ripper Street.
[/I]
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mark chandler
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| posted on 4/12/14 at 01:33 PM |
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It was however long overdue.
When we sold a few years ago juggling the price around the thresholds was a real pain, taking off a £5000 saved the buyer £15,000, as above the hike
due to charges left a big gap, the difference between getting what you want and what you can afford for many.
Don't worry loggyboy, we shall keep the maids on whatever, it is very posh around here we even have embossed toilet paper this week . Nice.
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beaver34
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| posted on 4/12/14 at 03:42 PM |
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same here just saved 1k
happy days
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russbost
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| posted on 4/12/14 at 06:46 PM |
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My daughter has saved over £900, she's a happy bunny - as someone else said, she was fed up conveyancing taking so long - very glad now they
didn't hurry it thro'!
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NOTE:This user is registered as a LocostBuilders trader and may offer commercial services to other users
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joneh
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| posted on 4/12/14 at 08:30 PM |
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My mate at work completed last week and reckons he's lost £14k!
I assume he's counting the £10k he dropped to get it under the old 250 value...
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