New Posts For Thread: Changes to Stamp Duty for FTBshttps://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbsWill just serve to inject more money in to the housing market and push up prices.I would suggest a system wherby Stamp Duty is paid by the vendor. FTBs pay nothing. Sellers moving up pay less than they do currently and no cost to HMRC.Those tradingSo homeowners who have already paid Stamp Duty when buying would now have to pay it again when selling Can't see what's fair about thathttps://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557784139#557784139So homeowners who have already paid Stamp Duty when buying would now have to pay it again when selling Can't see what's fair about thatSun, 18 Aug 2019 05:23:36 -0500FTB properties for NORMAL people ,80% of the population I class as normal (couples) should be around 150- 160k . that is 23k x 3 21 x 3 plus 20k downpaymentno single person i know under 40 can afford to buy period ....and i don't mean a period prhttps://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557777873#557777873FTB properties for NORMAL people ,80% of the population I class as normal (couples) should be around 150- 160k . that is 23k x 3 21 x 3 plus 20k downpaymentno single person i know under 40 can afford to buy period ....and i don't mean a period prSat, 17 Aug 2019 10:00:15 -0500FTB stamp duty is next to nothing anyway ,only peeps who will benefit are rich first time buyershttps://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557777849#557777849FTB stamp duty is next to nothing anyway ,only peeps who will benefit are rich first time buyersSat, 17 Aug 2019 09:56:06 -0500In fact the more I think about it, this is obviously a tory stunt to create a house price rise, presumably to cover up the brexit fall.https://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557776783#557776783In fact the more I think about it, this is obviously a tory stunt to create a house price rise, presumably to cover up the brexit fall.Sat, 17 Aug 2019 08:38:11 -0500FTBs pay no SD because the liability is switched from the buyer to the sellerI repeat the asking price will go up and the loan to value will fall as the effective value will be less.If the selling price is £250k and and the seller is trading up to ahttps://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557776745#557776745FTBs pay no SD because the liability is switched from the buyer to the sellerI repeat the asking price will go up and the loan to value will fall as the effective value will be less.If the selling price is £250k and and the seller is trading up to aSat, 17 Aug 2019 08:35:27 -0500FTBs pay no SD because the liability is switched from the buyer to the seller.If the selling price is £250k and and the seller is trading up to a £300k property, he pays SD on the price of the house he is selling, not the one he is purchasing, as hhttps://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557776701#557776701FTBs pay no SD because the liability is switched from the buyer to the seller.If the selling price is £250k and and the seller is trading up to a £300k property, he pays SD on the price of the house he is selling, not the one he is purchasing, as hSat, 17 Aug 2019 08:30:52 -0500Not sure why you think that, but I thought the point was to help FTBs?https://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557776523#557776523Not sure why you think that, but I thought the point was to help FTBs?Sat, 17 Aug 2019 08:18:17 -0500Sellers trading up would pay LESS than they do currently.https://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557776203#557776203Sellers trading up would pay LESS than they do currently.Sat, 17 Aug 2019 07:48:40 -0500silly idea. Sellers will increase their asking price to cover the tax and lenders will reduce the loan to value as they would have to pay the tax if they repossess and sell.https://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557776185#557776185silly idea. Sellers will increase their asking price to cover the tax and lenders will reduce the loan to value as they would have to pay the tax if they repossess and sell.Sat, 17 Aug 2019 07:45:52 -0500I wonder if Saj reads the forum?https://community.betfair.com/chit_chat/go/thread/view/94038/30962041/changes-to-stamp-duty-for-ftbs?post_id=557775493#557775493I wonder if Saj reads the forum?Sat, 17 Aug 2019 06:08:56 -0500