E.g. A London house costing £1,000,000 has the price increased by £40,000 if bought by a UK resident, but is increased by only £5,000 by a non resident. Just consider the knock on effect of this. Why do we not raise more powerful objections.
2007-06-28 03:10:57 · 3 answers · asked by cairn4lodge 4 in Business & Finance ➔ Renting & Real Estate
In certain areas where house prices are high uk residents will be priced out of market. They go to next area they can afford, pushing up prices there creating a ripple effect on housing market, keeping prices too high for 1st time buyers! Something's got to give.
2007-06-28 04:14:42 · update #1
the foreigner does not benefit from what the proceeds from stamp duties are used for. also you will get similar benefits you were buying abroad.
2007-06-28 03:17:35 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I was not aware of this!Your first poster has said there are benefits from the stamp duty we enjoy.Will he tell us what they are,I assumed it was just another tax that went into government coffers>?
2007-06-28 11:16:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your Labour government at work for YOU! (Not that the Tories or Lib Dems would likely be any better...)
2007-06-28 10:26:35 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋