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Procterdc's Estate Agency Thread - Questions answered |
procterdc
Joined: Jun 03, 2005
Posts: 334
From: Lytham St.Annes
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Some free and impartial advice from esato's very own estate agent lol
If you are planning on buying a house between now and new year, do it as soon as possible! The government have announced that the stamp duty holiday finishes on 31st Dec 2009.
The stamp duty changed from properties over £125,000, to over £175,000 to give ppl a bit of a tax break during the recession. This is going to revert back to £125,000 end of Dec.
Stamp duty comes in three percentages; 1% if over £175,000 (changing back to £125,000)
3% if between £250,000 and £500,000
4% if over £500,000
Q: You're talking gobbledegook, what does this actually mean?
A: If you buy a house now for £150,000 you are stamp duty exempt. If you buy the property for £150,000 after Dec 09, you will have to pay that £1,500 to the government)
So if you are thinking of buying a property between £125K and £175K in the next few months, do it now and screw the government, before they can screw us more lol
[ This Message was edited by: procterdc on 2009-09-04 11:02 ] It ain't about how hard you hit, its about how hard you can get hit and keep moving forward - Rocky Balboa | |
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Nanu
Joined: Feb 18, 2006
Posts: > 500
From: Warrington, UK
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Surely you mean:
Stamp duty comes in three percentages; 1% if over £175,000 (changing back to £125,000)
Or am I truly confused?
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procterdc
Joined: Jun 03, 2005
Posts: 334
From: Lytham St.Annes
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It was a trick haha, I meant to put that lol 
I shall amend it now
It ain't about how hard you hit, its about how hard you can get hit and keep moving forward - Rocky Balboa | |
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Posted: 2009-09-03 14:14
